BitSafe has launched BETH, its 1:1-backed wrapped ETH product, on Temple Digital Group’s exchange on Canton Network. The listing expands Canton’s institutional trading ecosystem with an ETH asset built on Bitsafe’s audited non-custodial bridging technology and subject to rigorous due diligence.
The BETH-USDCx market gives institutions a way to manage ETH exposure and market makers a venue to provide liquidity on Canton, while retaining control of their assets and keeping balances and positions confidential. Orders are matched and traded on Temple’s central limit order book, then settled atomically on Canton’s distributed ledger.
Built on Decentralization Manager’s Quantstamp-audited technology, BETH uses the same resilient infrastructure as CBTC. Independent operators share control over issuance, redemption and reserve custody through a multi-party system, so no single party, including BitSafe, can issue BETH or move the underlying reserves alone. Hosting across multiple nodes also reduces the risk of one operator’s outage interrupting asset operations or leaving holders unable to move their BETH.
“Canton is one of the only onchain environments where institutions can participate directly with digital assets in a compliant, private way,” says Dan Simerman, Co-Founder and CSO of Temple Digital Group. “Giving institutions ETH exposure on Temple, through a non-custodial model, without an ETF, is something novel that did not exist until recently. We’re excited to work with BitSafe to bring this new way to access ETH to market.”
How to start trading
To start trading BETH against USDCx, create a Temple account and complete the required onboarding. Temple’s getting started guide covers account and wallet setup.
Details on BETH and its supported integrations are available in the BETH ecosystem guide.
About BitSafe
BitSafe builds institutional digital assets and infrastructure on the Canton Network. As the team who brought Bitcoin to Canton, BitSafe’s multi-sig infrastructure distributes custody and administration, eliminates single points of failure, and enables institutions and developers to launch trading venues and build compliant financial products and assets across the ecosystem. Learn more at bitsafe.finance.
About Temple Digital Group
Temple Digital Group builds private and compliant financial market infrastructure for the world's institutions on the Canton Network. Temple operates Canton's leading exchange and RFQ venue for tokenized assets and actively contributes to the network's growing technical and governance work. Founded in 2025 and headquartered in New York, Temple Digital Group is registered as a Money Services Business with FinCEN. Learn more at templedigitalgroup.com.