Canton Analyst Overview

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Canton Analyst Overview

An overview of Canton Network and the token economics of Canton Coin

By: Tanay Ved & The Coin Metrics Team

Summary

As financial institutions and enterprises increasingly move to bring real-world assets (RWAs), stablecoin settlement, and payments on-chain, they require infrastructure that supports their operational needs. Canton Network is a blockchain ecosystem that facilitates these use-cases with privacy, interoperability and fine-grained controls. As the native token of the ecosystem, Canton Coin (CC) aligns economic incentives across participants, employing a mint-and-burn model that rewards validators and application providers through token issuance, while tying token scarcity directly to network activity.

This report provides an overview of the Canton Network and its native token, Canton Coin (CC), detailing how its tokenomics, issuance model and fee mechanisms align incentives across participants and support a growing set of institutional financial use-cases.

Key Takeaways from the Report:

Privacy & Interoperability through Selective Transparency

Canton’s public-permissioned design enables institutions to transact privately on independent ledgers while remaining interoperable through the Global Synchronizer. This selective transparency gives participants control over data visibility while enabling seamless cross-application settlement.

Canton Coin: Aligning Incentives & Network Utility

Canton Coin (CC) employs a mint-and-burn model that aligns economic incentives with network activity, rewarding participation while offsetting supply through usage-based burns. Over time, rewards evolve from infrastructure operators to application providers as the network matures.

Monthly issuance, burn and current supply of Canton Coin (CC) as of September 2025 Source: Coin Metrics Network Data Pro

A Network of Networks for Institutional Adoption

With its “network of networks” architecture, Canton forms a scalable, interconnected ecosystem to support a growing set of institutional financial use-cases, from tokenization to collateral mobility and beyond.

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