Canton Foundation grants RedStone $15.8M in tokens for private pricing tool
What's the deal? The Canton Foundation has granted oracle provider RedStone 15.8 million Canton Coin — worth about $1.5 million at announcement — to build an open-source pricing tool for institutions on the Canton Network. The grant, announced on October 29, 2026, funds development of the Canton Access and Privacy Standard (CAPS), which lets firms share reference prices without exposing their deal terms.
What's RedStone building? RedStone is an oracle: it carries outside data, such as asset prices, onto a blockchain so applications can use it. The new tool would feed shared market prices into core functions — valuing collateral, triggering liquidations, settling trades — while keeping transaction details hidden from data providers and the wider network.
Initial development covers pricing for tokenized funds, private-market assets, and structured products, released under the Apache 2.0 open-source license so other providers can adapt it.
Why now? Canton has positioned itself as a privacy-focused chain for traditional finance, centered on tokenized real-world assets and capital-markets workflows. It said in May it had onboarded more than 600 institutions, including Goldman SachsDealroom has a profile for this one. Try Dealroom →, DTCC, BNY, and Franklin Templeton. A private pricing layer addresses a long-standing objection: large firms have avoided shared ledgers partly because public infrastructure tends to leak information.
The grant comes from the Foundation's Protocol Development Fund, which pays out in CC tied to milestones rather than upfront. RedStone became a Foundation member in July 2025 and has supplied pricing data on Canton since December 2025.
What could go wrong? The proposal is still under community review. Its significance hinges on adoption — whether institutions actually build on the standard.
The signal: The grant sits among the largest in its category — above the 99th percentile of all-time blockchain grant rounds in Switzerland. It reflects a broader push to build institutional infrastructure on Canton, whose developer, Digital Asset, raised $355 million in June from a16z crypto and major financial firms. "By supporting open-source initiatives like CAPS, the Foundation is helping establish a shared privacy and licensing framework that enables multiple data providers to serve the network," said Viv Diwakar, head of the Canton Foundation.
Read more: cryptobriefing.com
Image credit: RedStone
