RedStone Receives Grant to Develop Canton Privacy Standard
RedStone is building a new data access standard on the Canton network with backing from Zenith and Memora.
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 the Canton Access and Privacy Standard. The grant committee officially approved the funding on Sep. 16, 2026.
Why it matters
The project aims to enable private institutional pricing for network participants by implementing Daml interfaces to verify oracle data. This development supports broader tokenization efforts on the Canton network, which hosts significant financial infrastructure.
The grant provides 15,775,000 Canton Coin to support a project that includes liquidity bridging milestones of $1 million. The work occurs as the DTC maintains custody of more than $114 trillion in assets.
The players
RedStone
RedStone is a data oracle provider focused on developing decentralized financial infrastructure and network standards.
Zenith
Zenith is an initial design partner serving as an active mainnet feed provider for the project.
Memora
Memora acts as an initial design partner collaborating with RedStone on the Canton network development.
DTCC
The Depository Trust & Clearing Corporation is a financial services company that recently launched tokenization services on the Canton network.
The details
RedStone is collaborating with initial design partners Zenith and Memora to create a system using capsules for restricted data access. A standards draft for this project was published in the Canton repository on Oct. 26.
Timeline
RedStone revised the grant payout structure on Sep. 9, 2026.
The grant committee unanimously approved the funding on Sep. 16, 2026.
A standards draft appeared in the public repository on Oct. 26, 2026.
DTCC launched its tokenization service on the Canton network on Oct. 28, 2026.
RedStone publicly announced the grant award on Oct. 29, 2026.
Market Landscape
The project follows the launch of the Canton network tokenization service by the DTCC to expand institutional data privacy. This effort positions RedStone to facilitate secure, private data exchanges within a market infrastructure that handles trillions in assets.
Institutional participants on the Canton network may gain improved access to private pricing data through these new privacy standards. This integration could streamline how financial entities verify oracle data while maintaining necessary security boundaries.
The takeaway
The development of privacy-focused oracle standards is essential for institutional adoption of blockchain infrastructure. Firms looking to participate in tokenized markets should monitor these standards to ensure compatibility with future network integrations.
What happens next
The delivery program for the new standard is scheduled to span 12 months, and DTCC plans further network integrations in 2027.
Further reading
Learn more about the latest innovations in Financial Services.
Source note: This article includes information reported by Crypto.
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