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

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.

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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.

PoC trial for digital collateral management using Japanese government bonds. Source: JPX

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