New York, United States, July 28th, 2026, Chainwire
BitSafe has released infrastructure for builders launching decentralized financial applications on Canton Network.
Backed by a Canton Foundation Development Fund grant of over $1 million (8,500,000 $CC), BitSafe today opened the public beta of Decentralization Manager.
The tool is open source. It helps apps and big firms build strong products. Control is shared across many independent operators.
Why Canton Builders Need It
Canton Network has become a key network for big firms that bring real money and real work on-chain. To meet the bar these firms set, apps need audit trails and shared trust.
Until now, every team on Canton had to build these parts from scratch: shared custody, rules for making decisions, and audit tools. The new tool makes those parts reusable. Teams can build the app, not the plumbing.
Quantstamp has checked the code in an independent audit. The launch opens up many new on-chain uses. Firms can keep the privacy built into the network. At the same time, they can lower risk by spreading out their work.
What Teams Can Build
The tool comes with ready-made setups for issuing and holding tokens. It also makes room for other products, such as:
- Token issuance: Issuers can launch and run their own tokens on Canton. These can range from wrapped crypto to stablecoins and RWAs.
- Custody and multi-signature wallets: Teams can hold and move assets under shared control. No single custodian is needed.
- Tokenized real-world assets and securities: Builders can bring real-world assets on-chain and run them under shared control.
- DEXs, lending, and structured products: Big firms can launch top-grade finance apps with the tool.
For background, see our guides to how crypto wallets work and to real-world asset (RWA) data providers.
Contact us to start launching decentralized applications and assets.
CBTC: The First Live Use Case
CBTC was the first non-native asset on Canton. It is also the first live use of the tool. It has handled over 10 million transactions to date.
Node operators that power CBTC already earn a share of Canton fees from on-chain transactions. The new tool now opens that chance to the whole network.
App builders get an easier way to find good node operators to back their products. In return, those operators earn the same share of Canton fees.
“The future of institutional blockchain depends on making sophisticated infrastructure easier to build and adopt,” said Viv Diwakar, Head of the Canton Foundation. “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 the governance and control institutions require.
Contributions like this strengthen the Canton ecosystem and help accelerate the growth of institutional digital assets and tokenized financial markets. We’re pleased to see BitSafe making this capability available to the wider community and look forward to seeing the next generation of institutional applications built on Canton.”
Early Adopters
As of today, Palladium Labs is the first builder announced using Decentralization Manager to enable multi-party authorization for protocol operations.
“Distributed trust and full auditability are table stakes for institutional-grade credit infrastructure like Alpend,” said Akshay Sinha, Cofounder & CTO of Palladium Labs. “Decentralization Manager makes that a framework the entire Canton ecosystem can build on. Adopting it was one of the easier decisions we’ve made.”
Besides Palladium, the CBTC Attestors Nethermind, DSRV, and Finoa Consensus Services already use the tool.
Their role shows a shared push across Canton. Teams want tech that is spread out and puts data privacy, control, and strength first.
How to Get Started
The public beta is open now on the Canton Foundation’s GitHub. An extra grant application is also underway.
Builders who need operators to complete their Decentralized Party can reach out to BitSafe. BitSafe will match them with vetted, institutional-grade node operators.
Firms that want to issue and run their own tokens on Canton can use BitSafe’s Decentralization Services for custom token projects.
Additional quotes from ecosystem partners
“The CBTC Decentralized Party has shown how far Canton has come, and the public beta opening of Decentralization Manager is a big step for the whole ecosystem. Onboarding was remarkably smooth for our team – contract deployment was essentially one click. For any app still running on a single validator, this is the easiest path we’ve seen to move beyond a single point of failure.” – Joonkyo Kim, CTO, DSRV
”As one of the attestors securing CBTC, we’ve operated inside BitSafe’s decentralized signing architecture from an early stage, so we’ve seen firsthand what it takes to distribute trust across independent operators in production. Onboarding into Decentralization Manager was refreshingly straightforward, the admin tooling is intuitive and whenever we hit an issue the BitSafe team resolved it quickly and communicated the whole way through.
Institutions bringing real assets onto Canton increasingly expect exactly this: no single point of control with the audit trails and operational resilience their risk teams demand. Making that kind of infrastructure open and repeatable is a meaningful step for the ecosystem.” – Mateusz Jędrzejewski, CIO, Nethermind
“BitSafe’s Decentralization Manager turns the infrastructure we already run into a setup with no single point of failure, the kind institutions expect from Canton. We’re glad to extend our partnership with BitSafe and look forward to building more together as new applications join the network.” – Daniel Schrader, Managing Director, Finoa Consensus Services
About BitSafe
BitSafe builds private, shared-control tools for digital assets on the Canton Network. It is the team that brought Bitcoin to Canton ($CBTC).
BitSafe’s multi-sig system needs a set number of signers to act. It spreads out custody and control and removes single points of failure. It lets firms and developers launch trading venues. They can also build finance products and assets that follow the rules.
Contact
Kadeem Clarke
BitSafe
marketing@bitsafe.finance
This is a press release / sponsored content. Read our Sponsored Content Policy. This article is not intended as financial advice. Educational purposes only.
