Canton Foundation Grants RedStone 15.8M CC for Private Pricing Tool
The Canton Foundation approved almost 15.8 million Canton Coin, about $1.55 million, to fund RedStone's open-source pricing tool built on CAPS, which lets institutions use shared market prices without revealing settlement amounts to data providers.
Institutions on the Canton Network may soon be able to value trades against a shared market price without disclosing their deal terms to the firms supplying that price. The Canton Foundation announced Thursday that it has approved almost 15.8 million Canton Coin (CC), worth about $1.55 million at the time of writing, to fund an open-source pricing tool from oracle provider RedStone.
The tool is built around the Canton Access and Privacy Standard (CAPS). CAPS lets an institution use a shared market price to value transactions without revealing agreed settlement amounts to data providers. Under the standard, RedStone will publish a reference price that can be used to calculate transaction values. The problem it addresses is straightforward to state: banks want the same market prices as everyone else, but they do not want data providers learning what they are trading.
Initial development will cover pricing for tokenized funds, private-market assets and structured products. The pricing calculations and licensing module will be released under the Apache 2.0 open-source license, which allows other providers to adapt them.
"By supporting open-source initiatives like CAPS, the Foundation is helping establish a shared privacy and licensing framework that enables multiple data providers to serve the network,"
Viv Diwakar, head of the Canton Foundation, said.
Funding mechanics
The grant comes from the Canton Foundation's Protocol Development Fund. The fund pays CC grants tied to milestones, allocates quarterly, and is financed by 5% of future CC emissions. The payout therefore represents new tokens entering circulation over time.
CC traded at roughly $0.0979, with a market capitalization of about $3.91 billion and 24-hour trading volume of $23.23 million, according to CoinGecko data.
RedStone submitted CAPS in April 2026. The firm became a Canton Foundation member on July 24, 2025, and operates a participant node. Accounts of its pricing history on the network differ. One places the start of its Canton pricing data in December 2025; another says it built Daml-native oracle infrastructure, Daml being Canton's smart contract language, and added gold and silver pricing in 2026. RedStone says its record shows zero mispricing events and 100% uptime, a company claim that has not been independently verified.
Context
Figures for the network's scale also vary. A May Canton blog post reports more than 600 institutions onboarded and about $9 trillion in monthly transaction volume. A separate estimate says Canton processes over $6 trillion in tokenized assets, with about $300 billion in daily volume as of late 2025. The figures measure different things and should not be read as interchangeable.
The grant follows other Canton funding activity, including Cancore's $7.2M seed round for linking Canton assets with public-chain liquidity. Shared prices feed core financial functions on the network: valuing collateral, triggering liquidations and settling trades.
Three markers will show whether the grant delivers: whether RedStone meets its quarterly milestones, whether CAPS gains adoption among Canton applications, and whether the tool reaches live collateral and settlement workflows.
