Bitcoin
on Cantonheld on trust, in qualified custody, backed 1:1, private by design, independently verified, perfected
cashBTC brings bitcoin to Canton the way institutions demand: backed 1:1 by BTC held by a licensed trustee at a US qualified custodian, with verifiable onchain reserves.
cashBTC is bitcoin on Canton
1:1, always
cashBTC is minted when bitcoin arrives in the reserve, and burned before it leaves.
Canton native
Moves seamlessly across the ecosystem as a collateral or trading asset.
Verified upfront
Only vetted, onboarded institutions mint and redeem cashBTC. Never an anonymous wallet.
Canton BTC,
perfected
The first bitcoin on Canton with reserves held by a licensed trustee using institutional custody and controls.
Licensed trustee
The bitcoin is held on trust with a strict purpose: safeguarding reserve assets, and meeting redemptions.
Qualified custody
Reserves are guarded by BitGo Bank & Trust, N.A., a federally chartered digital asset bank, in segregated cold storage inside bank-grade vaults.
Distributed control
Every mint and redemption is independently verified. No single key, person or company can move the reserve.
Proof > promise
Reserve addresses, circulating supply, and backing status are published live on public dashboards.
Questions,
answered.
What is cashBTC?
cashBTC is a bitcoin-backed asset issued on the Canton Network. Bitcoin reserves are held by a licensed regulated trustee in qualified cold storage custody at BitGo Bank & Trust, N.A. cashBTC gives Canton users a freely transferable asset they can use for settlement, trading, and collateral.
How are BTC reserves securely held?
Bitcoin is held in the Trust’s account at BitGo Bank & Trust, N.A., a federally chartered digital asset bank and US qualified custodian owned by BitGo (NYSE: BTGO). BitGo’s 100% cold storage solution uses hardware security modules, bank-grade vaults, and institutional-grade policy controls to provide the strongest available security for digital assets.
How are reserves verified?
The cashBTC Transparency Dashboard displays all reserve wallet addresses, BTC balances, circulating cashBTC supply, and open redemption claims so that anyone can independently verify backing.
Who can mint & redeem?
Authorized Minters are onboarded institutions who undergo full vetting and KYC screening. Any Canton user can freely hold, transfer, trade, and use cashBTC.
How can cashBTC integrate with Canton protocols?
cashBTC is designed for freely transferable, privacy enabled BTC utility across Canton. We encourage wallets, trading venues, lending markets, OTC desks, and other financial applications to Submit Interest and discuss integration with us.
Be first to
use cashBTC
We are actively onboarding institutions, venues and applications. Submit your details and the team will reach out.