Verified Bitcoin backing and real-time price data position CBTC as institutional-grade collateral across Canton’s lending and trading platforms.
Canton Network is expanding its institutional infrastructure with the launch of CBTC, its first Bitcoin-backed token. Issued by BitSafe, CBTC integrates Chainlink Proof of Reserve and Data Streams to provide verified backing and real-time BTC pricing. The move brings standardized collateral verification and live market data to lending, trading, and structured products on Canton.
BitSafe Strengthens CBTC With Proof of Reserve and Data Streams
CBTC, the first wrapped Bitcoin asset on the Canton Network, has integrated Chainlink Proof of Reserve and Chainlink Data Streams. These services were integrated to support institutional-grade financial use cases.
Issued by BitSafe, CBTC is designed to support regulated financial cases that require privacy, control, and continuous verification. As the only wrapped Bitcoin token currently available on Canton, CBTC aims to serve as a reliable form of BTC-backed collateral across the network.
Chainlink Proof of Reserve provides on-chain confirmation that CBTC is backed 1:1 by Bitcoin. As a result, market participants, developers, and counterparties can independently verify reserve data in real time. With this, the reliance on manual disclosures or off-chain attestations is reduced.
At the same time, Chainlink Data Streams provides low-latency BTC pricing to applications that integrate the wrapped Bitcoin asset. Accurate and timely price feeds are essential for mark-to-market calculations, liquidation mechanisms, and automated settlement processes.
BitSafe Connects CBTC to Live BTC Feeds for Institutional Finance
Reliable BTC pricing is essential for any Bitcoin-backed financial product. BitSafe connected CBTC to Chainlink Data Streams to deliver fast, real-time BTC price data to applications on Canton.
Live pricing supports mark-to-market calculations, liquidation triggers, and automated settlements. Platforms can react quickly to market changes without relying on delayed or manual updates.
Moreover, developers in Canton no longer need to build custom price oracle systems. Instead, they can use a shared BTC price feed already integrated with CBTC.
As a result, the wrapped Bitcoin can be added more easily across Canton-native applications. Lending platforms, swap pools, and collateral services can integrate CBTC under one common pricing and verification standard, improving clarity and reducing complexity across products.
DeFi applications already active on Canton may also benefit from CBTC integration. Thetanuts Finance, an on-chain options protocol, can use the wrapped BTC as collateral for structured strategies. Moreover, Kairo, a decentralized exchange built on Canton, can add CBTC to trading pairs and liquidity pools.
Since reserve data and price feeds are already built in, these platforms can manage risk more easily. BitSafe has maintained a visible role in Canton’s institutional ecosystem.
The firm has worked closely with application developers, focusing on building Bitcoin-backed tools suited for regulated markets. Adding Chainlink infrastructure to CBTC supports a wider effort to create shared technical standards for Bitcoin-based assets on Canton.
Meanwhile, using shared systems for reserve checks and price data helps keep financial applications aligned. When all platforms rely on the same verification standards, there is less confusion and fewer gaps between products. Clear and consistent data builds trust among institutions and regulators.
Image Source: BitSafe
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