Digital asset infrastructure provider BitGo has expanded support for Canton Coin, adding trading and payment services to its existing custody services, in line with broader industry efforts to develop trading and payment rails for tokenized financial assets.
In an announcement Monday, BitGo said it has become one of the first U.S.-based regulated providers to offer custody, over-the-counter (OTC) trading, and settlement for Canton Coin within a single platform, although similar bundled services are beginning to emerge across the digital asset sector.
BitGo initially started supporting the asset in October through its custodial service, allowing institutions to hold Canton Coin with qualified custodians.
The latest update allows customers to trade Canton Coin electronically or via BitGo’s OTC desk, mirroring how traditional assets perform in the institutional market. It will also introduce payments through the network’s infrastructure, allowing counterparties to complete transactions on-chain.
BitGo said the expansion is part of a broader effort to support tokenized finance, an area that is gaining traction among banks and financial institutions exploring blockchain-based payments and asset issuance, with parallel efforts underway at companies such as Fireblocks and JPMorgan that are also developing tokenized payments and payment systems.
According to data from CoinMarketCap, Canton Coin has grown since late 2025, reaching a market capitalization of nearly $6 billion. This increase comes amid widespread interest in tokenization and permissioned blockchain networks designed for regulated use cases.
Canton Coin is a utility token of Canton Network, a layer 1 blockchain developed by Digital Asset. The network is designed for institutional deployments with privacy and compliance features.
Related: Fireblocks integrates Canton Network for regulated on-chain payments
Institutional participation increases amid regulatory developments
The move comes amid increasing institutional investor participation in the digital asset market, supported by major industry developments and a gradually evolving regulatory framework.
In a 70-page report released in December, Coinbase said institutional adoption is nearing an inflection point despite continued market volatility.
Cryptocurrency exchanges pointed to evolving U.S. legislation, including the GENIUS Act on stablecoins and the potential development of a broader crypto market structure bill, as factors that could accelerate institutional investor involvement.
Another report released by Binance Research in January similarly found that institutional investors are playing an increasingly important role in digital asset markets, with activity shifting away from retail-driven trading.
Related: Cryptobiz: Stablecoin jitter meets institutional momentum
