Ripple has unveiled version 1.43 of its enterprise custody platform, Ripple Custody, incorporating support for the Canton Network. This update enables banks and funds to securely store Canton Coin alongside tokens based on the CIP 56 standard in one integrated environment. The move is seen as a strategic effort to fortify Ripple’s position in the competitive real-world asset tokenization market on Wall Street.
Advancements in Institutional Custodial Solutions
The latest iteration of Ripple Custody offers institutions a comprehensive suite of tools, including segregated key management, pre-authorization mechanisms, and dual-stage transfers—all accessible from a unified control panel. Ripple, renowned for its cross-border payment solutions and digital asset infrastructure, is thus enhancing its custody services for multi-chain institutional formats.
This development counters speculation about a direct rivalry between the XRP ecosystem and the Canton Network anticipated towards the end of 2025. The current landscape suggests a more pragmatic framework, favoring collaboration over competition in banking infrastructure.
Ripple Custody version 1.43 allows institutions to store Canton Coin and CIP 56 tokens in a single secure infrastructure.
Addressing Wall Street’s Privacy Concerns
A significant barrier to blockchain adoption on Wall Street has been the visibility of transactions and balances. Banks are wary of exposing their transactional data and positions to competitors. Developed by Digital Asset, the Canton Network addresses this concern by allowing multi-party transactions where each participant sees only their own data.
Canton Network serves as a permissioned blockchain infrastructure aimed at institutional finance, while CIP 56 is a standard enabling delivery-versus-payment processes in a single transaction. This method streamlines asset transfers, potentially reducing the reliance on additional bridge layers.
Mini glossary: CIP 56 is a token standard supporting delivery-versus-payment mechanisms in digital asset transactions. It focuses on simultaneous completion of asset transfer and payment, minimizing the need for extra bridging layers.
Major Institutions Converging on Shared Infrastructure
The scope of this integration transcends individual investor interest, engaging large financial entities such as Goldman Sachs, BNP Paribas, and BNY Mellon as part of Canton’s corporate network. Broadridge executes daily billions in repo transactions on this platform, while DTCC uses the same network for the tokenization of U.S. Treasury securities.
With the CIP 56 standard, these settlement processes are executed atomically without the need for fragile cross-chain bridges. This enables participants to operate within a framework that respects privacy demands while supporting institutional-level transaction flows.
While Canton Network plays a role in banking registry infrastructure, Ripple maintains its position as a public liquidity bridge between fragmented systems.
Defining Roles in the Tokenization Landscape
The recent update underscores a functional specialization overshadowing direct disruptive competition within the tokenization market. Canton Network assumes the role of a private ledger for ownership records within the banking system, while Ripple and the XRP ecosystem focus on cross-border value transfer among fragmented networks.
By incorporating Canton Network support, Ripple is aiming to prevent banking clients from seeking alternative infrastructures. This move strengthens Ripple’s claim as a foundational infrastructure partner for Wall Street in the multi-chain corporate world.
