RedStone Develops Private Pricing Standard for Canton
The grant-funded project creates new privacy protocols for financial operators using the Canton network for asset tokenization.
Updated on Oct. 29, 2026 in Financial Services
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RedStone received a 15,775,000 Canton Coin grant, valued at approximately $1.83 million, to develop a privacy standard for institutional data on the Canton network. The project, which involves design partners Zenith and Memora, aims to facilitate private pricing for financial participants.
Why it matters
As large institutions move assets onto private ledgers, standardized protocols are required to verify pricing data without exposing sensitive trade details. RedStone is building this infrastructure to bridge the gap between public network data and private institutional requirements.
The grant provides 15,775,000 Canton Coin, with a baseline value of roughly $1.83 million, to support engineering and network adoption milestones. This development supports a ledger environment where the DTCC already maintains custody of more than $114 trillion in assets.
The players
RedStone
A blockchain oracle provider that delivers data feeds to decentralized finance applications and institutional networks.
DTCC
A major financial services company that provides clearing and settlement services, holding over $114 trillion in assets.
Zenith
An institutional design partner specializing in blockchain network infrastructure and mainnet data feed integrations.
Memora
An institutional design partner focused on the development of standardized privacy and data verification protocols.
The details
RedStone is implementing Daml interfaces to publish and verify oracle data while utilizing privacy capsules to restrict access to specific clients. This architecture allows participants to maintain oracle privacy when interacting with tokenized assets. The 12-month development program focuses on ensuring private institutional pricing remains verifiable across the network.
Timeline
Sep. 9, 2026: RedStone revised the grant payout structure.
Sep. 16, 2026: The grant committee unanimously approved the funding.
Oct. 26, 2026: The project standards draft appeared in the public repository.
Oct. 28, 2026: DTCC launched its tokenization service on the Canton network.
Oct. 29, 2026: RedStone announced the grant award.
Market Landscape
This grant follows the Oct. 28 launch of the DTCC tokenization service on the Canton Network. It marks a critical step in building the necessary privacy standards to enable private institutional pricing on a ledger system currently supporting $114 trillion in custody.
Operators in institutional finance should monitor the 12-month rollout of the Canton Access and Privacy Standard to understand how private pricing feeds will integrate with existing asset custody workflows. Future developments will center on meeting milestones for liquidity bridging and price update volume.
The takeaway
The implementation of privacy capsules provides a new mechanism for firms to share market data without revealing trade-specific valuation. Institutional operators should track the standardization of these Daml-based interfaces as a signal for the next phase of secure, on-chain asset tokenization.
Further reading
For broader context on how infrastructure firms are adopting ledger technology, visit Financial Services.
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