BitSafe Launches New Infrastructure for Canton Network Apps
A new $1 million grant backs an open source tool that makes building institutional grade apps on Canton much easier.
coinbeat.newsBitSafe has officially released its Decentralization Manager for the Canton Network. Supported by a grant of over 1 million dollars from the Canton Foundation, this open source framework allows developers to create financial products that spread control across multiple independent operators. It simplifies the process by providing reusable components for custody, governance, and audit trails.
Building institutional applications usually requires teams to start from scratch. With this new tool, developers can focus on their specific products rather than the underlying infrastructure. The framework includes pre built systems for token issuance, multi signature wallets, and decentralized exchanges. It has already been audited by security firm Quantstamp to ensure it meets strict industry standards.
Early adopters like Palladium Labs are already using the technology to manage protocol operations. Major node operators such as Nethermind and DSRV have also integrated the system. This move is expected to attract more institutional capital to the network by providing the privacy and resilience required for high stakes financial activity.
The public beta is now available for developers to test and implement. Those looking to build on the platform can find the resources on GitHub, while teams needing help finding qualified node operators can coordinate directly with BitSafe.
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