BitGo Adds Electronic Trading and Instant Settlement for Canton Coin
The move gives institutions one regulated workflow for lower prefunding risk.
Overview
- BitGo, which announced the upgrade Monday, now provides custody, OTC execution, electronic trading, and 24/7 instant settlement for Canton Coin on its Go Network.
- Go Network settles offchain between counterparties in real time, reducing delays and freeing capital that would otherwise sit in prefunded accounts.
- Institutions can trade by API or through BitGo’s interface and can route spot or derivatives orders through the firm’s OTC desk.
- BitGo already custodies CIP-56 tokens in the Canton ecosystem, including USDCx, xBTC, and USDXLR, which keeps assets compatible across that network.
- Reporting notes rising Canton Coin use, with market value near $6 billion, as infrastructure providers race to build tokenized finance rails for regulated use.