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Canton Network is a layer 1 blockchain for real-world assets, managed by the Global Synchronizer Foundation and built by Digital Asset. Its utility token covers fees and rewards participants through a defined mining curve. With no pre-mine, total supply depends on burned fees rather than a fixed cap, ensuring issuance aligns with network utility.
The Canton Network operates as a layer 1 smart contract blockchain designed to address the adoption of real-world assets (RWAs) and traditional finance (TradFi) institutions on public networks by offering configurable privacy and controls. It employs a two-tier consensus system that supports unlimited horizontal scalability while preserving full smart contract interoperability throughout the network. The Global Synchronizer serves as the ecosystem's backbone.
Canton Coin (CC) functions as a utility token for covering infrastructure and application fees on the Global Synchronizer, in addition to rewarding and incentivizing network participants.
The Global Synchronizer MainNet and Canton Coin were launched in July 2024. There was no pre-mine, pre-sale, or similar event. All Canton Coin are earned and mined as rewards for utility brought to the network. As of February 2025, ~22bn CC are in circulation. The total minable CC over the first 10 years of the network is set at ~100bn CC. After 10 years, a constant stream of 2.5bn CC rewards per year is available. Total supply at any point in the future depends on the amount burned for fees.
A variety of entities from both traditional finance and the crypto sector initiated the Canton Network and the Global Synchronizer Foundation. The Linux Foundation oversees the management of the Global Synchronizer Foundation. Its membership roster comprises 7Ridge, Bitwave, Broadridge, Calastone, Cumberland, Digital Asset, Equilend, Euroclear, Global Blockchain Business Council, IntellectEU, Kaleido, LendOS, Liberty City Ventures, MPCH, Obsidian Systems, SBI Digital Asset Holdings, Taurus, and Tradeweb.
Digital Asset, the firm responsible for creating the Canton blockchain protocol and the Daml smart contract language, was established by: