BitGo announces support for CIP-56 token standard assets on Canton Network

BitGo (BTGO), a wholly owned subsidiary of BitGo Holdings, announced support for CIP-56 token standard assets on the Canton Network, including USDCx and cBTC. The launch expands BitGo’s Canton infrastructure from custody of the network’s native token, Canton Coin, to the broader ecosystem of institutional financial assets built on the CIP-56 token standard. “Canton is rapidly becoming critical infrastructure for institutional digital finance,” said Chen Fang, Chief Revenue Officer at BitGo. “By supporting CIP-56 assets, BitGo provides institutions with the custody layer they need to securely hold and move stablecoins, bitcoin liquidity, and yield-bearing instruments across Canton’s growing financial ecosystem.”