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FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain

The non-custodial cross-chain swap engine connects Canton’s institutional tokenized-asset markets with liquidity and trading activity across major public blockchains.

작성자 Cointelegraph by Nate KostarPublisher Cointelegraph 2 분 소요

Image via Cointelegraph

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Why This Matters

The integration creates a direct route between Canton’s permissioned institutional markets and liquidity on major public blockchains. It could lower operational friction for institutions moving between tokenized assets and public-chain trading venues, while increasing the importance of interoperable settlement infrastructure.

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Interstice Digital has launched a cross-chain swap engine with FalconX connecting the Canton Network with Ethereum, Solana and Robinhood Chain.

According to Tuesday’s announcement, the non-custodial engine allows assets to be swapped across the four networks without Interstice taking custody or executing transactions on users’ behalf.

FalconX, a digital asset prime brokerage serving institutional investors, provides liquidity for the engine, which is designed to connect Canton’s institutional markets with assets and trading activity on public blockchains, giving users a route between tokenized assets on Canton and liquidity on networks such as Ethereum and Solana.

Canton is a public blockchain built for institutional finance, with privacy and permissioning controls designed for regulated transactions and tokenized assets. Its ecosystem includes major financial institutions such as JPMorgan, Goldman Sachs and BNP Paribas.

Interstice is a wholly owned subsidiary of Everyrealm and is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard. The company did not disclose which assets are initially supported or provide transaction volume figures for the swap engine.

Related: FalconX cuts 10% of workforce amid prolonged crypto market slump: Report

Canton expands institutional tokenization activity

The integration comes as more traditional financial institutions use Canton for tokenized assets and blockchain-based settlement.

In July, electronic trading platform Tradeweb executed an onchain US Treasury trade in which Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash.

Tradeweb provided execution and price discovery, while Canton synchronized settlement between the two assets in real time. Tradeweb said it was the first real-time purchase and sale of a tokenized US Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton, with other participants including Societe Generale, Digital Asset and Blockdaemon.

Societe Generale has also deployed its euro- and dollar-denominated stablecoins on Canton for tokenized collateral, repo financing and institutional settlement, while Visa has tested private stablecoin settlement on the network.

Other initiatives include a Japanese government bond collateral pilot involving Mizuho and Nomura and S&P Dow Jones Indices placing its iBoxx US Treasuries Index on Canton.