Ripple Ends 'XRP Killer' Myth via Canton Network Support

Strategic Partnership for Tokenization Market

Ripple has released an update to its institutional platform, Ripple Custody version 1.43, adding support for the Canton Network. This strategic move allows banks and funds to custody the native Canton Coin and CIP-56 tokens within a single secure environment, marking a major development in the tokenization market.

Addressing Excessive Transparency on Wall Street

The main problem with blockchain on Wall Street has been excessive transparency: banks cannot disclose their balances and transaction details to competitors. The Canton Network addresses this issue at the protocol level, allowing each participant to see only their own data in multi-party transactions.

Integration with Major Players

The scale of the integration is far removed from retail speculation. Canton's industrial base is already used by Goldman Sachs, BNP Paribas, and BNY Mellon. Broadridge's platform processes multibillion-dollar repo transactions through it every day, while clearing giant DTCC tokenizes U.S. Treasuries on these rails.

Preventing Banking Clients from Leaving

Custody support for Canton allows Ripple to prevent banking clients from leaving and cement its position as a key infrastructure partner for Wall Street in a multichain world. Ripple and the XRP token, in turn, remain a public liquidity bridge for transferring value across borders between fragmented systems.