PCP (Programmable Credit Protocol), a credit orchestration infrastructure for tokenized assets, is partnering with Digital Asset, the technology company behind the Canton Network, and the Canton Foundation, the independent governing body of the Canton Network, to bring institutional credit infrastructure to the Canton ecosystem.
The collaboration was confirmed during Abu Dhabi Finance Week 2025 by Rico van der Veen, CEO of PCP; Melvis Langyintuo, executive director at the Canton Foundation; and Bayo Atkins, sales director MENA at Digital Asset. Through it, PCP will enable custody-native lending against assets on the Canton Network, allowing banks, hedge funds, market makers, and other market participants to borrow and lend against tokenized securities, funds, deposits, Canton Coin, Bitcoin (CBTC), and other assets – without moving collateral out of custody.
“Every asset on Canton should be financeable — not just transferable,” van Der Veen said. “Whether it’s a tokenized Treasury, a fund share, Canton Coin, or Bitcoin, institutions need the ability to borrow against it with robust institutional controls. By working with Digital Asset and the Canton Foundation, we’re bringing the credit layer that turns canton from settlement network into full financial market infrastructure.”
“Tokenization alone does not create markets — financing does,” Langyintuo added. “With PCP, assets on the Canton Network can function as working collateral without leaving regulated custody, improving capital efficiency while preserving control. This collaboration helps expand the financial workflows that institutions can execute on Canton.”
“Canton was designed to enable the safe and interoperable tokenization of real-world financial assets,” Atkins said. “By integrating credit infrastructure through PCP, institutions can unlock additional utility from the assets they hold on the network, enabling new financing workflows while maintaining custody, compliance and control.”
Major financial institutions and financial market infrastructure providers including DTCC and Euroclear use Canton Networks’ privacy-preserving blockchain architecture. While tokenization improves settlement and interoperability, assets become economically productive only when they can be used as collateral. PCP provides the credit infrastructure that enables institutions to finance assets directly from custody, unlocking capital efficiency across the network.
PCP’s infrastructure allows institutions to request credit, receive competitive quotes from counterparties through its FIX-based RFQ messaging system, and receive funding within minutes – while collateral remains locked in place at the borrower’s custodian. Margining, substitution, and liquidation are handled programmatically, enabling institutions to finance assets without transferring them out of custody and without introducing additional intermediaries or manual reconciliation.