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RedStone receives $1.83 million Canton Coin grant for private pricing tool

The Canton Foundation has approved a grant of nearly 15.8 million Canton Coin to RedStone to develop CAPS, an open-source framework for private asset pricing on the Canton Network.

A red geometric gemstone logo on a dark background representing RedStone.
Image: @cryptodotnews

RedStone has received a grant of 15.775 million Canton Coin, valued at $1.83 million, approved by the Canton Fund to build an open-source asset pricing framework called CAPS, according to crypto.news.[1]

The planned pricing tool is designed to allow institutions operating on the Canton Network to utilize standardized, shared market prices without disclosing confidential positions or negotiated deal terms to data providers.[1][3]

According to Crypto Briefing, establishing private and standardized pricing through the tool could improve institutional trust in blockchain systems and potentially spur greater adoption across the Canton Network.[2]

Key facts

  • The Canton Fund approved a $1.83 million grant of 15.775 million Canton Coin to RedStone.
  • The grant funds CAPS, an open-source framework for institutional private asset pricing on the Canton Network.
  • The tool allows institutions to access shared market prices without revealing confidential positions or negotiated terms to data providers.
  • Crypto Briefing reported that private, standardized pricing could boost institutional trust and adoption of the Canton Network.

Sources · 3 sources

  1. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Canton Fund approves RedStone’s $1.83M grant for private asset pricing The 15.775 million Canton Coin grant will fund CAPS, an open-source framework designed to let institutions price assets on the Canton Network without revealing confidential positions or negotiated terms to data providers.

    Open source
  2. CB

    Crypto BriefingArticle ·

    Canton Foundation grants RedStone 15.8M Canton Coin for private pricing tool The grant could enhance institutional trust in blockchain by ensuring private, standardized pricing, potentially boosting Canton Network adoption. The post Canton Foundation grants RedStone 15.8M Canton Coin for private pricing tool appeared first on Crypto Briefing .

    Open source
  3. CT

    Coin TelegraphArticle ·

    Canton Foundation grants RedStone 15.8M Canton Coin for pricing standard RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers.

    Open source