Canton Foundation approves 15.8M CC grant to RedStone for pricing standard

What happened

The Canton Foundation has approved a grant of 15,775,000 Canton Coin to oracle provider RedStone to build an open-source pricing standard for institutions using the Canton Network. The funding was announced on Oct. 29, with RedStone dating the unanimous decision to Sept. 16. The award covers a 12-month delivery program in which half of the payments are tied to demonstrated adoption rather than to engineering work alone.

The standard, known as the Canton Access and Privacy Standard (CAPS), is meant to let institutions value transactions against a shared market price without disclosing the amounts they have agreed to settle to the data providers that supply those prices. Under the design, RedStone publishes a reference price that participants can use in their own calculations, while the negotiated figure remains with the counterparties involved.

Initial development will concentrate on pricing for tokenized funds, private-market assets and structured products. The pricing calculations and the licensing module are to be released under the Apache 2.0 open-source licence, which allows other providers to adapt them for their own use.

Viv Diwakar, head of the Canton Foundation, said support for open-source initiatives such as CAPS helps establish a "shared privacy and licensing framework that enables multiple data providers to serve the network," according to the announcement.

Why it matters

Institutional networks need market data to value collateral and positions, but firms are reluctant to hand their negotiated terms to outside providers. CAPS is intended to resolve that tension by splitting the price an oracle supplies from the valuation the institutions themselves agree. RedStone illustrated the arrangement with a repo transaction between two banks: an oracle provides a $100 reference price for collateral while the banks privately settle on a value of $98, and the provider does not learn the negotiated figure or the positions behind it. The open licence matters as well, because it allows competing data providers to serve the same network under a common privacy and licensing framework rather than each building a separate arrangement. The grant also lands as Canton deepens its ties to traditional market infrastructure.

What the data shows

The grant record sets out eight milestones, splitting payment evenly between engineering work and demonstrated adoption, and RedStone revised the payout structure during the review process, according to a Sept. 9 comment. One target at month six calls for at least 20 active Zenith mainnet feeds and 10,000 successful price updates across 30 consecutive days, with onchain records and evidence of collateral-pricing use by ecosystem partners. A month-eight target requires more than $1 million in liquidity bridged through Memora from Solana, Stellar or Base across at least 100 distinct bridging events. Another payment is tied to $1 million in monthly trading volume that depends on CAPS, and final acceptance includes an external security audit, remediation and evidence of institutional usage.

A standards draft appeared in Canton's public repository on Oct. 26, three days before the announcement. It remains labelled Draft under the temporary alias cip-redstone-caps and describes Daml interfaces for publishing, distributing and verifying oracle data, with reference fixings recorded on the ledger. Data arrives in numbered rounds, each carrying a price-free record and a separate capsule holding the data, and licensed distributors can create capsules restricted to their own clients. The proposal text is licensed CC0-1.0, while the code uses Apache 2.0. The framework builds on the Canton Data Standard's PublishedDataPoint interface.

Background

RedStone has supplied pricing data on Canton since December 2025 and works with ecosystem participants including Temple Digital Group. Zenith and Memora are named as the first design partners, with integrations still in development; Memora plans to use CAPS for reserve attestations, Zenith's work addresses pricing consumed by applications, and Temple Digital Group intends to test the framework during its rollout. Canton Network said in a May blog post that it had onboarded more than 600 institutions, among them Goldman Sachs, DTCC, BNY and Franklin Templeton, and was processing roughly $9 trillion in monthly transaction volume. DTCC launched its tokenization service on Oct. 28 with Canton and its private Besu network as the first integrations, naming 20 DTC participants that signed access agreements. RedStone's other deployments include a dedicated Stellar price oracle announced in March.

What is still unclear

The dollar value attached to the grant depends on how it is measured. Cointelegraph put the 15.8 million CC award at about $1.55 million at the time of writing, with the token trading near $0.0979, while RedStone described a baseline funding value of roughly $1.83 million and said milestone payments use a seven-day average CC price. RedStone characterised that figure as a funding baseline rather than the token's current market valuation. The timeline for the design partners' integrations and for any production use of CAPS on Canton has not been disclosed.

What to watch

The next signals will be the month-six and month-eight adoption thresholds, the external security audit required for final acceptance, and whether the design partners move from planned integrations to live use. Because payments are denominated in Canton Coin and converted using a seven-day average, the value RedStone ultimately receives will also move with the token's price. The grant record allows private confirmation to the committee where compliance requirements prevent public disclosure of transactions, so some adoption evidence may not appear publicly.

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