Institutional Blockchain Convergence: Blockdaemon and 21shares Enable Traditional Finance-Web3 Synergy via Canton Network

Blockdaemon, a leading provider of blockchain infrastructure, has announced full support for Canton Coin (CC) within its Blockdaemon Institutional Vault™, marking a significant step in institutional access to the Canton Network according to official announcements. This integration enables institutions to securely receive, store, and transfer Canton Coin while supporting tokenization and treasury management, all under a framework that maintains operational independence and compliance control. The Institutional Vault™ is now the only on-prem wallet solution purpose-built for institutions operating on the Canton Network, certified by the Canton Foundation.

The move aligns with growing institutional interest in blockchain technology, particularly in privacy-enabled networks like Canton. The Canton Network, backed by major financial institutions, such as J.P. Morgan and Goldman Sachs, is designed to facilitate secure, interoperable financial transactions while adhering to regulatory standards. Blockdaemon's Unified Infrastructure Stack for Canton includes MPC key management, RPC endpoints, and validator infrastructure, offering a comprehensive suite for institutional workflows.

Simultaneously, 21shares, a global leader in crypto exchange-traded products (ETPs), launched the 21shares Canton Network ETP (CANTN) on Euronext Amsterdam and Paris. The ETP, trading at a 2.5% fee, provides investors with exposure to Canton Coin, the native token of the Canton Network. Peter Fernandez, Head of Investment Management Operations at 21shares, emphasized the ETP's role in democratizing access to institutional-grade blockchain innovation, stating, "Canton represents one of the most significant efforts yet to bring traditional finance and blockchain technology together."

The Canton Network's architecture allows institutions to synchronize financial transactions across disparate platforms-such as tokenized securities and payment systems-while preserving privacy and scalability according to network specifications. 21shares' recent validation as a Canton Network participant further underscores the ecosystem's growing institutional credibility. By running its own validator node, the firm contributes to the network's operational framework and integration with decentralized applications.

Blockdaemon's Institutional Vault™ offers a self-hosted, on-prem wallet tailored for regulated entities, supporting both online and offline (air-gapped) account management. The platform's features include 99.9% uptime validator infrastructure, institutional RPC endpoints, and upcoming super validator support. These tools aim to streamline custody and governance for institutions seeking to leverage the Canton Network's capabilities.

As institutional adoption of blockchain infrastructure accelerates, partnerships like those between Blockdaemon and 21shares highlight the convergence of traditional finance and decentralized systems. The Canton Network's focus on privacy and interoperability positions it as a pivotal player in the evolution of institutional digital asset management.