Canton Foundation grants RedStone 15.8M Canton Coin for pricing tool
RedStone plans a shared pricing tool for Canton institutions that keeps deal terms private from data providers.
The Canton Foundation has granted RedStone 15.8 million Canton Coin to support work on a pricing standard for institutional users of the Canton network.
RedStone's planned tool is intended to give institutions on Canton access to shared market prices without revealing their deal terms to data providers.
Shared prices with confidentiality
The proposal addresses a common tension in institutional blockchain markets: participants need reliable reference prices, but may not want to disclose the details of individual transactions to outside data suppliers. RedStone's role as an oracle provider would focus on delivering pricing infrastructure rather than exposing underlying agreements.
Canton is positioned around institutional use cases, and the grant adds to efforts to build market infrastructure on the network. The source did not specify a timeline for the pricing tool's launch.