Ripple’s institutional custody platform has added support for the Canton Network just as the Depository Trust & Clearing Corporation (DTCC) moves closer to a broader tokenization service that includes Canton among eligible rails.
The change, delivered in Ripple Custody version 1.43 and released on October 5, 2026, lets banks and asset managers hold and move Canton Coin—also known as Amulet—and eligible CIP-56 tokens inside the same policy engine, approval workflows, and audit trail they already use for other ledgers.
The design is deliberately non-custodial of the underlying node. Clients, or the node operators they hire, run the Canton validator.
Ripple Custody connects to that validator and acts as party manager, while signing keys remain inside the customer’s own vault, secured by a hardware security module or key-management service.
Transfers can be pre-approved so assets arrive without a signature on every inbound movement, and two-step offers let counterparties accept, reject, or withdraw.
Prepared transactions expire after a 24-hour window.
Support is currently limited to the API, covers only tokens published through the Digital Asset Registry, and does not extend to arbitrary application commands or native delivery-versus-payment workflows on Canton.
Canton itself is a public layer-1 built by Digital Asset for regulated markets; it offers sub-transaction privacy so each participant sees only its own data, and it is already used for securities financing, repo, and collateral movements by firms that include major dealers and market infrastructures.
That backdrop matters because DTCC has been preparing a controlled tokenization service for assets that remain in custody at its depository subsidiary.
After receiving a no-action letter from the Securities and Exchange Commission (SEC) in December 2025, DTCC partnered with Digital Asset to mint representations of certain US Treasury securities on Canton, targeting an initial production environment in the first half of 2026 and a wider launch later in the year.
Eligible instruments under the service have included Treasuries, Russell 1000 constituents, and major index ETFs.
Live production activity on Canton involving tokenized Treasuries and equities was reported in mid-July 2026, ahead of the broader October window.
Ripple’s custody addition therefore sits alongside, rather than inside, that market-infrastructure effort: institutions can keep Canton-native positions under existing operational controls while DTCC’s own service advances.
The network’s commercial momentum was underscored earlier in 2026 when Digital Asset closed a $355 million financing round led by a16z crypto.
Participants included a wholly owned subsidiary of the Abu Dhabi Investment Authority, along with Apollo, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, Optiver, S&P Global, SBI, Tradeweb, and others. Management said the capital would support ecosystem expansion, deeper institutional partnerships, and selective acquisitions.
Executives at both Digital Asset and a16z described the raise as evidence that privacy-preserving shared infrastructure for regulated workflows had moved beyond pilots.
The same week as the custody release, the Canton Foundation convened Canton Forum Singapore on October 8 at the ArtScience Museum.
The independent foundation, which supports governance of the network’s Global Synchronizer, brought together market participants, infrastructure providers, and technology firms for sessions on Asia’s shift from tokenization experiments to production use, the overlap of traditional finance and digital assets, and Singapore’s position as a regional hub.
Opening remarks came from Digital Asset co-founder and CEO Yuval Rooz, followed by panels on capital markets, collateral, payments, and interoperability.
These developments also sit inside a cluster of institutional announcements involving Ripple.
A South Korean brokerage, Meritz Securities, signed a strategic review with Ripple on October 1—attended by Meritz CEO Jang Won-jae and Ripple President Monica Long—to examine whether Ripple Custody and tokenization tooling could be applied inside Korea’s existing securities rules, with any expansion dependent on future regulation.
Separately, Paxos added XRP to its institutional brokerage and custody menu, so banks and fintechs using that stack can buy, hold, and transfer the token without building the rails themselves.
The Canton integration forms the third item.
Of the three, only the Paxos arrangement places XRP itself at the center of the product.
The Meritz review and the Canton custody support expand Ripple’s infrastructure business without requiring clients to transact in XRP or to settle on the XRP Ledger.
Documentation for the Canton feature does not announce interoperability with XRP, RLUSD, or the XRP Ledger.
Collectively, the sequence shows two parallel tracks: Canton attracting large-scale market infrastructure and fresh capital for privacy-aware institutional workflows, and Ripple extending a blockchain-agnostic custody layer into that environment while only one of its recent partnerships directly increases demand for its native token.