CC (Canton) rose 10.57% in 24 hours

Gate News Bot news, on January 30, according to CoinMarketCap market, as of press time, CC (Canton) is now trading at $0.18, up 10.57% in 24 hours, hitting a high of $0.18, and falling back to $0.14, with a current market value of about $6.754 billion, an increase of $645 million from yesterday.

Canton is a network ecosystem that combines the power of the capital market with the actual value of blockchain as the core. The Canton Foundation is responsible for the fair governance and oversight of Global Synchronizer, ensuring the secure operation of the entire Canton network. The network has launched 37 super validators and 622 validators, with an average daily fee of $793,000 and a total token supply of 3.59 billion. The Canton ecosystem includes multiple application scenarios such as blockchain explorer, cross-chain bridging, asset custody, DeFi, and real-world asset tokenization, and has been supported by world-renowned financial institutions such as Broadridge, Digital Asset, Euroclear, and Tradeweb, and has become an important infrastructure for enterprise-level blockchain applications.

Canton’s recent important news:

1️⃣ The shift in US regulatory policy has accelerated institutional entry The U.S. Office of the Comptroller of the Currency (OCC) recently granted conditional approval to the national trust bank license applications of a number of digital asset institutions, including Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets. The gradual improvement of the regulatory framework is prompting traditional financial institutions to accelerate their entry into the crypto ecosystem, which has created an important market demand for Canton’s asset custody, real-world asset tokenization and other services provided by enterprise-level blockchain infrastructure.

2️⃣ Traditional financial giants have deepened their digital asset business Laser Digital, a subsidiary of Japanese financial giant Nomura Holdings, is applying for a national trust bank license in the United States and plans to provide spot cryptocurrency trading services. British fintech giant Revolut is also moving forward with independent license applications. This series of initiatives reflects the comprehensive integration of trading, custody and settlement services by traditional financial institutions, and the asset custody and DeFi applications in the Canton ecosystem meet the core needs of such institutions for enterprise-level blockchain solutions.

3️⃣ Compliance operation with policy support has become an industry consensus The improvement of the U.S. policy environment has made more and more institutions willing to regulate their operations under the federal regulatory framework, which provides a policy basis for Canton’s support from world-renowned financial institutions such as Broadridge, Digital Asset, and Euroclear. The clarity and predictability of regulation are continuously increasing the market’s confidence in the entry of the regular army, which is conducive to supporting the business expansion and valuation improvement of the blockchain infrastructure of the regular army such as Canton.

This news is not intended as investment advice, and investment should be aware of the risk of market fluctuations.