CBTC, the first and only wrapped Bitcoin on the Canton Network, is now live on Haven Digital Partners' permissioned peer-to-peer lending marketplace. For the first time, institutions on Canton can lend and borrow against Bitcoin within a fully regulated, institutionally controlled environment.
This is a milestone for CBTC and for Canton. Institutional Bitcoin lending has arrived.
Why This Matters
When we built CBTC, the goal was never just custody and trading. From the beginning, we designed CBTC to be a foundational asset that institutions could deploy across a range of financial products on Canton. Trading was the first step. Lending is the next.
Haven Digital Partners brings a regulated, institutional-grade lending marketplace to Canton, and CBTC is one of its supported assets from day one. With Haven, institutions no longer need to choose between putting their Bitcoin to work and operating within a compliant, regulated framework. They can do both.
What Institutions Can Do with CBTC on Haven
Haven's permissioned marketplace opens up new ways for institutions to deploy CBTC productively:
Lend CBTC. Provide CBTC to verified institutional borrowers and earn from lending activity. All borrowers are KYC/KYB screened and continuously monitored.
Borrow against CBTC. Use CBTC as collateral to borrow USDCx or Canton Coin (CC), with terms negotiated directly between parties.
Automated collateral management. Haven's on-chain auto-margin runs 24/7, every Canton round. Collateral management is efficient, private, and fully automated.
What makes Haven different from other lending platforms is the level of institutional control. Lenders have full counterparty visibility, enabling them to extend loans, including undercollateralized loans, based on counterparty assessment. Rates, duration, collateral requirements, and repayment terms are all negotiated directly between parties.
Built for Institutional Standards
Haven was designed from the ground up for institutional participants. The platform operates within a regulatory framework that institutions expect:
Regulated. Haven is a licensed investment manager. On-chain smart contracts are paired with off-chain enforceable legal agreements.
Qualified custody. All assets are held in qualified custody by BitGo, one of the most trusted custodians in digital assets.
Compliant. Independent KYC/KYB and AML screening for all participants, with continuous monitoring.
Transparent. Full counterparty visibility for informed lending decisions.
Tailored. Direct negotiation between parties on every term of the loan.
For institutions that already custody CBTC with BitGo, the path to lending on Haven is seamless. BitGo serves as Haven's exclusive custodian, meaning institutions can move from custody to productive deployment without changing their operational setup.
CBTC: The Asset That Makes It Possible
CBTC brings Bitcoin's deep liquidity into Canton's privacy-enabled infrastructure. Built by BitSafe with decentralized FROST threshold signatures and verified by Chainlink Proof of Reserve, CBTC provides the security and verifiability that institutional lending demands.
Canton's sub-transaction privacy means lending activity, positions, and terms are visible only to the direct participants. There is no public ledger exposure. For institutions managing lending books or deploying capital, this level of privacy is essential.
Haven provides the marketplace and the compliance layer; BitGo provides the custody infrastructure. CBTC provides the asset. Together, they make institutional Bitcoin lending on Canton a reality.
The CBTC Ecosystem Continues to Grow
Haven is the latest example of the growing ecosystem being built around CBTC on Canton. From trading across multiple institutional venues to BitGo custody support to now compliant lending, CBTC is proving its utility as a foundational asset for institutional finance on Canton.
Every new integration, every new use case, reinforces what we set out to build: infrastructure that institutions and developers deploy, configure, and extend into their own products. Haven has done exactly that, and more products built on CBTC are on the way.
Get Started
Interested in lending or borrowing CBTC on Haven? Visit Haven Digital Partners to learn more, or reach out to us at [email protected] for questions about CBTC.
About BitSafe: BitSafe builds decentralized, privacy-enabled infrastructure and compliant digital asset products on the Canton Network. As the team who brought Bitcoin to Canton, BitSafe's threshold-governed multi-sig infrastructure distributes custody and governance, eliminates single points of failure, and enables institutions and developers to launch trading venues, deploy vaults, and build compliant financial products across the ecosystem.