Canton’s Decentralized App Layer Launches, Backed by $1M+ Foundation Grant
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, an open-sourced framework allowing 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. Meeting institutional application standards requires audit trails and distributed trust, but until now every team building on Canton has had to build threshold custody, governance, and audit infrastructure from scratch. Decentralization Manager makes those reusable, so teams build the application, not the infrastructure.
Independently audited by Quantstamp, Decentralization Manager marks an exciting expansion of on-chain use cases and allows institutions to continue leveraging the network’s privacy-native architecture while mitigating risk by distributing their operations.
Decentralization Manager ships with pre-built frameworks for token issuance and custody and enables additional products such as:
- Token issuance: Issuers can launch and govern Canton-native tokens, ranging from wrapped cryptoassets to stablecoins and RWAs.
- Custody and multi-signature wallets: Teams can hold and transfer assets under shared, multi-party control, removing reliance on any single custodian.
- Tokenized real-world assets and securities: Builders can bring real-world assets on-chain and govern them under distributed control.
- DEXs, lending, and structured products: Institutions can launch institutional-grade financial applications with Decentralization Manager.
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CBTC, the first non-native asset on Canton, is the first live use case of Decentralization Manager. With over 10 million transactions to date, node operators powering CBTC already earn a share of Canton fees from on-chain transactions. Decentralization Manager now extends that opportunity across the network. Application builders get an easier path to high quality node operators who can support their products, and those operators earn the same share of Canton fees in return.
“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.”
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.”
In addition to Palladium, CBTC Attestors Nethermind, DSRV, and Finoa Consensus Services have already implemented Decentralization Manager. Their institutional participation affirms a collective effort across Canton to embrace decentralized technology that prioritizes data privacy, operational control, and resilience.
The public beta is open now on the Canton Foundation’s GitHub, with an additional grant application underway. Builders who need operators to complete their Decentralized Party can reach out to BitSafe to be matched with vetted, institutional-grade node operators. Institutions looking to issue and govern Canton-native tokens can engage BitSafe’s Decentralization Services for custom tokenization engagements.
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 decentralized, privacy-enabled digital asset infrastructure on the Canton Network. As the team that brought Bitcoin to Canton ($CBTC), BitSafe’s threshold-governed multi-sig infrastructure distributes custody and governance, eliminates single points of failure, and enables institutions and developers to launch trading venues and build compliant financial products and assets across the ecosystem.