What’s new
Participation increased: peak daily institutional activity reached 664 on institutional wallets on Apr 21 (approx +6% WoW).
Activity stepped up: CBTC volume +176% WoW and transactions +70% WoW.
Why it matters
Canton is privacy-enabled, which means real usage is often not visible externally.
Aggregated CBTC activity is a clean proxy for measurable Canton utility today: participation and throughput on Bitcoin liquidity that venues, wallets, and partners build on.
By the numbers (Apr 15 to Apr 21)
TVL (derived): 25.88 BTC (approx $2.0M)
CBTC transactions: 87,930
CBTC volume: 180.43 CBTC
Total transfers: 417,965
Six new places to use CBTC on Canton
Six integrations in the last four weeks, spanning DEXes, wallets, and mining infrastructure:
Helvet Swap. AMM DEX. CC/CBTC pool running on DevNet.
Rho Labs. Perps DEX. Live minter integration.
K2F Labs. Minter infrastructure. v2 partnership in place.
Nightly Wallet. Wallet. Canton support in development.
Cantex. DEX. Integration agreed.
F2Pool. Mining pool. CBTC Institutional Incentive Program 2.0 live.
Upgrade note (CBTC v1.2.0, mainnet upgrade completed)
CBTC v1.2.0 has shipped to mainnet.
Action required (minters and minter-hosting wallets): verify your minter party id has a Utility Credential and the latest CBTC DAR is uploaded on your node.
No action: if you are not a minter, wallet provider hosting minters, or a library integrator.
The bottom line
This is how we connect BitSafe progress to Canton progress with proof, without exposing private counterparties.
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.
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