Canton Network Launched Proof of Transfer API
The new verification layer allows users to confirm transaction status while maintaining data privacy.
Updated on Sept. 29, 2026 in Remote Work
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Canton Network has introduced a Proof of Transfer API designed to verify transaction statuses without revealing sensitive information. This tool enables users to check assets via a Transfer Object in compatible blockchain explorers.
Why it matters
The API solves a critical institutional challenge by balancing the need for transaction verification with the requirement for data confidentiality. It aims to reduce settlement disputes by allowing counterparties to confirm receipt without compromising broader data exposure.
The new API provides 3 distinct dimensions of verification benefits to institutional users. It supports status tracking for pending, completed, failed, and error states across supported platforms.
The players
Canton Network
Canton Network is a privacy-enabled interoperable blockchain network designed for institutional assets.
Bybit
Bybit is a global cryptocurrency exchange that provides a platform for trading digital assets and derivatives.
DA Registry
DA Registry is an infrastructure platform focused on the issuance and management of digital assets.
The details
By utilizing selective disclosure architecture, the API restricts transaction visibility solely to entitled parties. Bybit has integrated this functionality for USDCx assets, while DA Registry has implemented it for all assets issued through its platform.
Timeline
September 29, 2026: Canton Network launched the Proof of Transfer API.
Market Landscape
The launch marks a significant shift in the institutional blockchain sector, where privacy often acts as a barrier to transparent transaction auditing. By integrating this API, Bybit and DA Registry are positioning themselves ahead of rivals by streamlining settlement workflows while upholding strict data security requirements.
For institutional clients using Bybit or DA Registry, this update simplifies the verification of asset transfers without needing to expose sensitive account details. Customers can now rely on an autonomous layer to resolve receipt disputes faster than traditional manual confirmation processes.
The takeaway
The Proof of Transfer API demonstrates how selective disclosure can bridge the gap between institutional privacy and operational transparency. Users should monitor whether their primary exchange platforms adopt similar verification layers to further reduce settlement friction.
Further reading
Learn more about the latest innovations in Remote Work and digital collaboration infrastructure.
Source note: This article includes information reported by Crypto Economy.
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