Gate News Bot message, December 29th, according to CoinMarketCap data, at press time, CC (Canton) is reported at $0.13, up 15.15% in the past 24 hours, with a high of $0.14 and a low of $0.08. The 24-hour trading volume reached $52.9 million. The current market capitalization is approximately $4.893 billion, an increase of $644 million from yesterday.
Important recent news about CC:
1️⃣ DTCC Tokenization of Government Bonds Receives Regulatory Approval
The US Depository Trust & Clearing Corporation (DTCC)-custodied US Treasury bonds are advancing tokenization on the Canton network and have received a no-action letter from the US Securities and Exchange Commission (SEC). This regulatory recognition is seen by the market as the clearest compliance signal in the on-chain government bond space to date, significantly enhancing Canton’s authority as a compliant tokenization infrastructure and its commercialization prospects, directly strengthening market expectations for the long-term value of CC tokens.
2️⃣ RWA Technology Stack Enhancement Drives Ecosystem Development
In early December, Canton partnered with RedStone, integrating it as the primary oracle service provider to deliver compliant, real-time price data for tokenized assets. This integration completes the technical stack for real-world asset tokenization, improving connectivity with institutional-grade DeFi and laying the infrastructure foundation for RWA applications within the Canton ecosystem.
3️⃣ Institutional-Grade Application Scale Continues to Expand
Canton Network has gathered top global financial institutions such as Broadridge, Digital Asset, Euroclear, and Tradeweb. Applications deployed within the ecosystem handle over $300 billion in daily trading volume. The average daily trading fee of $793,000 reflects ongoing growth in on-chain activity, validating Canton’s practical commercial value as a Layer-1 blockchain designed specifically for regulated financial institutions, providing strong support for the intrinsic demand for CC tokens.
This message is not investment advice. Investors should be aware of market volatility risks.
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