BitGo has introduced trading and settlement services for Canton Coin, enhancing its existing custody offerings and becoming one of the first regulated providers in the U.S. to bundle these services. The platform now allows clients to trade Canton Coin either electronically or through an over-the-counter (OTC) desk, facilitating transactions similar to those of traditional assets in institutional markets.
Initially, BitGo began supporting Canton Coin in October, focusing on custody services that enabled institutions to securely hold the asset. With this latest expansion, the infrastructure now also accommodates onchain settlements, allowing counterparties to finalize transactions efficiently.
Amid a growing interest in tokenization and permissioned blockchain networks, Canton Coin's market capitalization has surged to nearly $6 billion as of late 2025, more than doubling since December, according to data from CoinMarketCap. This growth reflects an increasing momentum in the digital asset market, particularly among banks and financial institutions exploring blockchain solutions.
BitGo's initiative aligns with a broader industry trend, as firms like Fireblocks and JPMorgan are also advancing their tokenized settlement and payment systems, responding to evolving regulations and institutional interest in digital assets.