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Canton’s Decentralized App Layer Launches, Backed by $1M+ Foundation Grant

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BitSafe has released infrastructure for builders launching decentralized financial applications on the Canton Network, backed by a Canton Foundation Development Fund grant of over $1 million (8,500,000 $CC). The public beta of Decentralization Manager, an open-source framework, allows apps and institutions to build resilient products that distribute control across multiple independent operators.

Canton Network has become critical infrastructure for institutions bringing real capital and operations on-chain. Until now, every team building on Canton had to build threshold custody, governance, and audit infrastructure from scratch. Decentralization Manager makes those components reusable, letting teams focus on their applications rather than infrastructure.

Independently audited by Quantstamp, the framework expands on-chain use cases while enabling institutions to leverage the network’s privacy-native architecture and mitigate risk by distributing operations. It ships with pre-built frameworks for token issuance and custody, supporting products such as:

  • Token issuance: Issuers can launch and govern Canton-native tokens, including wrapped cryptoassets, stablecoins, and RWAs.
  • Custody and multi-signature wallets: Teams can hold and transfer assets under shared, multi-party control.
  • Tokenized real-world assets and securities: Builders can bring real-world assets on-chain under distributed governance.
  • DEXs, lending, and structured products: Institutions can launch institutional-grade financial applications using the framework.

CBTC, the first non-native asset on Canton, is the first live use case of Decentralization Manager. With over 10 million transactions, node operators powering CBTC already earn a share of Canton fees. The framework now extends that opportunity across the network, giving application builders easier access to high-quality node operators, who earn the same share of Canton fees in return.

“By open-sourcing Decentralization Manager, BitSafe is giving developers the tools to create resilient, privacy-preserving applications that distribute trust across independent operators without compromising governance and control,” said Viv Diwakar, Head of the Canton Foundation. “Contributions like this strengthen the Canton ecosystem and help accelerate the growth of institutional digital assets and tokenized financial markets.”

Palladium Labs is the first builder announced using Decentralization Manager for multi-party authorization. “Distributed trust and full auditability are table stakes for institutional-grade credit infrastructure,” said Akshay Sinha, Cofounder & CTO of Palladium Labs. “Decentralization Manager makes that a framework the entire Canton ecosystem can build on.”

Additional ecosystem partners including CBTC Attestors Nethermind, DSRV, and Finoa Consensus Services have already implemented Decentralization Manager. The public beta is open now on the Canton Foundation’s GitHub, with an additional grant application underway. Builders can reach out to BitSafe to be matched with institutional-grade node operators.

Source: https://cryptopotato.com/cantons-decentralized-app-layer-launches-backed-by-1m-foundation-grant/