Institutions have long recognized Bitcoin's potential as a reserve asset and collateral. But deploying BTC in regulated capital markets has remained impractical due to limitations in custody, transparency, and compliance infrastructure.
CBTC addresses this gap. Built by BitSafe on the Canton Network, CBTC is a 1:1 Bitcoin-backed token designed for institutional finance. It combines operational control with privacy, finality, and aligned economic participation.
Why Existing Bridges Fall Short
Conventional wrapped Bitcoin relies on centralized custodians, exposes transaction flows publicly, and lacks settlement guarantees. None of this meets the requirements of regulated markets.
CBTC takes a different approach:
Decentralized custody via the Attestor Network. BTC is secured using FROST threshold signatures, a cryptographic protocol enabled by Bitcoin's Taproot upgrade. A decentralized network of institutional-grade node operators collectively controls the signing keys. No single party, including BitSafe, can unilaterally move funds.
Sub-transaction privacy. Transactions on Canton are private between counterparties. No public mempool means no front-running, no sandwich attacks, and no MEV risk.
Deterministic finality. All transactions settle instantly and irrevocably. No rollback risk.
These properties make CBTC a credible infrastructure layer for institutional finance, not just another wrapped token.
The Credential Model
CBTC uses Canton's credential-based access system. Credentials go beyond permissioning. Credential holders participate in the economic activity generated by CBTC usage.
There are two types:
Minter Credential. Enables minting and burning of CBTC. Minters earn a share of protocol and application-level fees.
Holder Credential. Allows institutions to hold and use CBTC on Canton. Holder activity also generates earnings based on transaction volume.
Transactions, whether mint, burn, transfer, or application-level, contribute to a shared pool distributed to credentialed institutions. This turns CBTC participation into an earnings-generating position.
Institutional Use Cases
CBTC is live on Canton and supports use cases familiar to capital markets operations:
Collateral and margin flows. Deploy BTC across bilateral relationships with clear control and reporting.
OTC derivatives. Automate IM/VM movements with audit-ready settlement.
Treasury and repo operations. Use CBTC in liquidity management and short-term financing without introducing bridging risk.
Trading. CBTC trades on institutional venues including Temple and Bron, with private settlement and no MEV exposure.
Each of these workflows benefits from Canton's synchronized privacy and deterministic finality.
Why Canton
Canton Network is a privacy-enabled network designed for regulated finance. Participants include Citi, Bank of America, Goldman Sachs, and Nasdaq. Digital Asset, the company behind Canton, recently raised $135 million led by DRW Venture Capital and Tradeweb, with participation from Goldman Sachs, Citadel Securities, BNP Paribas, and Circle Ventures.
Deploying CBTC on Canton ensures compatibility with institutional financial infrastructure and access to a growing ecosystem of applications and trading venues.
Verification
CBTC smart contracts are audited by Quantstamp. Chainlink Proof of Reserve provides real-time, on-chain verification that every CBTC in circulation is backed 1:1 by Bitcoin held in the Attestor Network's custody.
Get Started
CBTC is live on Canton. Institutions can apply for Minter or Holder credentials to begin onboarding. BitSafe provides full integration support.
Contact: [email protected]
About Canton Network
Canton Network is the only public infrastructure in the financial industry with on-chain privacy essential to the seamless movement of assets and capital on decentralized open rails. With over $4 trillion in tokenized assets on-chain, its proven institutional-grade scale synchronizes previously siloed systems with the configurable privacy and controls required to unlock asset mobility across traditional finance and the Canton ecosystem. The public infrastructure is governed by the Global Synchronizer Foundation and supported by the Linux Foundation.
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.
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