We are excited to announce that CBTC, the first wrapped Bitcoin asset on the Canton Network, has integrated Chainlink Proof of Reserve and Chainlink Data Streams to power use cases such as lending, borrowing, swaps, and other onchain applications across the Canton ecosystem.

BitSafe and CBTC on Canton

BitSafe issues CBTC as the only wrapped Bitcoin asset on the Canton Network, designed to support regulated financial activity with privacy and control for institutional participants.

For Bitcoin-backed assets to function in these environments, counterparties must be able to verify backing and pricing continuously. CBTC addresses this requirement by pairing onchain reserve verification with high-quality BTC price data, enabling applications on Canton to rely on CBTC as verifiable collateral rather than a trust-based wrapper.

Chainlink Enables CBTC Reserve Verification With Proof of Reserve

BitSafe now uses Chainlink Proof of Reserve to provide onchain verification that CBTC is backed 1:1 by BTC. Proof of Reserve enables applications, counterparties, and developers to independently verify backing data without relying on manual disclosures or offchain attestations.

This continuous verification is critical for financial use cases such as collateralized lending, margining, and structured products, where asset backing must be confirmed in real time to manage risk and ensure correct settlement behavior.

Chainlink Enables Low-Latency BTC Pricing for CBTC With Data Streams

In addition to reserve verification, BitSafe integrates Chainlink Data Streams to provide low-latency BTC pricing for CBTC-based applications on Canton.

Accurate, real-time pricing is required for mark-to-market calculations, liquidation logic, and automated settlement across DeFi and institutional workflows. By using Chainlink Data Streams, BitSafe enables developers building on Canton to access a consistent source of BTC pricing data when integrating CBTC into their applications.

BitSafe’s Continued Leadership in the Canton Ecosystem

With Proof of Reserve and Data Streams live, CBTC can be integrated into a range of Canton-native applications without custom oracle implementations. Developers can build financial products using CBTC as collateral while relying on standardized data infrastructure for pricing and reserve verification.

These capabilities support use cases including lending and borrowing, swap pools, and other application-level integrations that require reliable BTC-backed collateral in an institutional context.

DeFi applications on Canton, such as Thetanuts Finance, an on-chain options protocol, and Kairo, a decentralized exchange built on Canton, can integrate CBTC using standardized pricing and reserve verification as they build new products and markets on the network.

BitSafe has been a leader in the Canton ecosystem and works closely with teams building financial applications on the network. The launch of CBTC with Chainlink infrastructure reflects a broader effort to establish shared standards for how Bitcoin-backed assets operate on Canton.

As more applications adopt CBTC and other Canton-native assets, using common data and verification primitives helps reduce integration complexity while improving transparency and risk management across the ecosystem.

Ready to Put Your Bitcoin to Work?

About BitSafe

BitSafe builds secure infrastructure and solutions that enable institutions to put their Bitcoin to work. As the institutional Bitcoin infrastructure protocol, BitSafe bridges the gap between traditional finance and Bitcoin DeFi, providing comprehensive capabilities spanning privacy-enabled transactions, regulatory compliance frameworks, and curated yield strategies. By safeguarding assets with audited technologies and comprehensive risk disclosures, BitSafe ensures informed decision-making while making Bitcoin infrastructure accessible through familiar, institutional-grade approaches.

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About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. 

Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Lido, GMX, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.

BitSafe is pleased to announce that CBTC is now live on Temple!

This partnership expands where you can use your CBTC on Canton, giving you access to one of the network's leading exchanges

This is just the beginning — more is coming for CBTC traders on Temple

Why Trade CBTC on Temple?

Temple is the first native trading platform for Canton, supporting the ability to privately trade digital assets including CBTC.

As Temple continues to introduce new markets to the platform, CBTC holders can access the best liquidity for assets trading on Canton, all while maintaining full control through non-custodial wallets like Loop

What This Means for You

• Best Execution: Price-time priority central limit order book (CLOB) with deterministic fills and built-in best-execution dashboard

• Deep Liquidity: Trade with confidence knowing there's consistent liquidity available

• Private Trading: Execute trades on a network designed for privacy-preserving transactions — no public mempool, no MEV risk

What You Can Trade

CBTC is now available on Temple with the following trading pairs:

• CBTC/USDCx

• CBTC/CC (coming soon!)

About CBTC

CBTC is a 1:1 wrapped Bitcoin token by BitSafe on the Canton Network. Each token is fully backed by real Bitcoin held in secure, decentralized custody, meaning no single party can unilaterally move your funds. Use CBTC to trade while our Attestor Network keeps your underlying Bitcoin secure

Get Started

Ready to trade CBTC on Temple? Here's how:

1. Connect Your Wallet: Use a non-custodial Canton wallet like Loop to maintain full control of your assets

2. Head to Temple: Visit Temple and connect your wallet

3. Start Trading: Access CBTC trading pairs and experience institutional-grade execution on Canton Network

Ready to Put Your Bitcoin to Work?

About BitSafe

BitSafe builds secure infrastructure and solutions that enable institutions to put their Bitcoin to work. As the institutional Bitcoin infrastructure protocol, BitSafe bridges the gap between traditional finance and Bitcoin DeFi, providing comprehensive capabilities spanning privacy-enabled transactions, regulatory compliance frameworks, and curated yield strategies. By safeguarding assets with audited technologies and comprehensive risk disclosures, BitSafe ensures informed decision-making while making Bitcoin infrastructure accessible through familiar, institutional-grade approaches.

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About Temple

Temple is the first native trading platform for Canton. Designed for everyone from individuals to institutions, Temple provides deep liquidity, a transparent trading experience, and built-in compliance

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BitSafe is pleased to announce that BTC/CBTC and CC/CBTC swaps are now live on Bron

You can find the step-by-step visual guide here!

This partnership aims to deliver enhanced utility for CBTC on the Canton Network by providing a streamlined process for users to convert their Bitcoin and Canton Coin ($CC) into CBTC, expanding its use cases within the Canton ecosystem

A Practical Advancement for CBTC Users

This partnership addresses the growing need for decentralized and secure asset transfer between the Bitcoin and Canton networks. By integrating BitSafe's CBTC infrastructure with the Bron wallet, we are providing users with a tool to engage with the Canton Network's offerings. This initiative is a direct response to community requests for more straightforward ways to utilize their digital assets across different blockchain environments.

BTC-CBTC and CC-CBTC Swapping: Now Live

The BTC-CBTC and CC-CBTC swaps are now available to all Bron wallet users, enabling users to put their Bitcoin and Canton Coin ($CC) to work on the Canton Network with greater ease. The key aspects of this new swapping mechanism include:

• BronSwaps: Bron uses Intents-based swap functionality, which enables users to convert BTC and CC to CTBC using decentralised infrastructure. You send BTC or CC, you receive CBTC. If any part of the transaction fails, the user gets compensated immediately by the Intents smart contract. No value lost. No counterparty risk. No bridge custody.
  

• Two-Step Signature Process: To enhance security, the swapping process requires two distinct user signatures. The first signature initiates the swap request, and the second confirms the acceptance of the CBTC deposit, ensuring users maintain full control over their assets throughout the process
  

• Secure Authentication: The integration supports modern authentication methods, including TouchID, FaceID, and hardware security keys, allowing for secure and convenient transaction authorization

Opportunities for Liquidity Providers

To support the liquidity of the new swapping pools, we are inviting interested parties to become liquidity providers (LPs) and contribute to the growth and efficiency of the CBTC ecosystem on the Canton Network

To learn more, please express your interest here

Ready to Put Your Bitcoin to Work?

About BitSafe

BitSafe builds secure infrastructure and solutions that enable institutions to put their Bitcoin to work. As the institutional Bitcoin infrastructure protocol, BitSafe bridges the gap between traditional finance and Bitcoin DeFi, providing comprehensive capabilities spanning privacy-enabled transactions, regulatory compliance frameworks, and curated yield strategies. By safeguarding assets with audited technologies and comprehensive risk disclosures, BitSafe ensures informed decision-making while making Bitcoin infrastructure accessible through familiar, institutional-grade approaches.

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Institutions have long recognized Bitcoin’s potential as a reserve asset and collateral. But until now, 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 asset designed for financial institutions. It combines operational control with privacy, finality, and—importantly—aligned economic participation.

Solving the Institutional BTC Challenge

Conventional BTC bridges are not fit for regulated markets. They depend on centralized custodians, expose flows publicly, and lack settlement guarantees.

CBTC changes that with three key features:

• Decentralized Custody: BTC is secured without reliance on a single entity.

• Privacy Between Apps: Transactions are private by default, but audit-accessible.

• Irreversible: All transactions settle instantly and immutably.

These design choices make CBTC a credible infrastructure layer—not just a wrapped asset.

A Revenue-Sharing Credential Model

CBTC uses Canton's credential-based access system that goes beyond permissioning. Credential holders share in the economic upside of CBTC’s 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 use and retain CBTC on Canton. Holder activity also accrues revenue based on transaction volume.

This structure turns CBTC participation into a reward-generating position. Transactions —whether mint/burn, transfer, or application-level flow—contribute to a shared pool distributed to credentialed institutions.

Institutional Use Cases

CBTC will support a range of 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.

Each of these workflows benefits from Canton’s synchronized privacy and deterministic finality, making CBTC a practical Bitcoin integration path for financial institutions.

Why Canton

Canton Network is privacy-enabled public blockchain  network designed for regulated finance. With participants including Citi, Bank of America, Goldman Sachs, and Nasdaq, it provides a proven  execution layer for institutional-grade digital assets.

For a deeper look at how CBTC fits into Canton’s roadmap, see the official Canton press release.

Deploying CBTC on Canton ensures compatibility with global financial infrastructure and access to a growing ecosystem of trusted applications.

Digital Asset, the company behind Canton Network, recently announced that it has raised $135 million led by DRW Venture Capital and Tradeweb—and joined by Goldman Sachs, Citadel Securities, BNP Paribas, Circle Ventures— further accelerating Canton’s roadmap and infrastructure roll-out

Access CBTC Early

Early access to CBTC is now open. Institutions may apply for Minter or Holder credentials to begin onboarding. BitSafe provides full integration support.

Apply here: https://form.typeform.com/to/esAv2IQz

About Canton Network

The Canton Network is the only public blockchain 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 TradFi and crypto ecosystems. Launched in July 2024, the public infrastructure is governed by the Global Synchronizer Foundation and supported by the Linux Foundation to ensure organizational neutrality and foster innovation across the ecosystem.

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About BitSafe

BitSafe builds secure infrastructure and solutions that enable institutions to put their Bitcoin to work. As the institutional Bitcoin infrastructure protocol, BitSafe bridges the gap between traditional finance and Bitcoin DeFi, providing comprehensive capabilities spanning privacy-enabled transactions, regulatory compliance frameworks, and curated yield strategies. By safeguarding assets with audited technologies and comprehensive risk disclosures, BitSafe ensures informed decision-making while making Bitcoin infrastructure accessible through familiar, institutional-grade approaches.

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