Canton Network has appointed CredShields as its official Audit Partner, adding a dedicated security layer to the blockchain that now processes over $8 trillion in tokenized transaction volume monthly and settles more than $350 billion in on-chain US Treasuries daily. The partnership addresses one of the most pressing and technically demanding challenges in institutional blockchain: security infrastructure that is built specifically for Canton's architecture, not retrofitted from general-purpose tooling.
Security Built for Canton's Architecture
Canton's configurable, sub-transaction privacy model — where each participant controls precisely who can see which data — creates an audit environment that standard security firms are simply not equipped to handle. CredShields brings three purpose-built capabilities to that challenge:
- Smart contract audits across Daml-based applications, the language underlying all Canton smart contracts
- AI-powered risk detection designed for the complex, multi-party financial workflows running on the network
- Continuous monitoring for the on-chain environments where real institutional assets operate at scale
Shashank, Co-founder of CredShields, framed the mandate plainly: "Institutional finance is moving on-chain at a pace most people haven't registered yet. Canton is the infrastructure it's moving onto. The security stakes are significant — and that's exactly the environment CredShields was built for."
Institutional Credentials Behind the Appointment
CredShields is not a newcomer to high-stakes security environments. The firm is the author of the OWASP Smart Contract Top 10 — the globally recognized standard for smart contract vulnerability classification — and has worked with tier-1 banks and major financial institutions. That pedigree matters on a network where counterparties include Goldman Sachs, DTCC, JPMorgan, Euroclear, and Visa.
As Canton's ecosystem expands — currently comprising over 200 partners spanning financial institutions, technology providers, exchanges, custodians, and service providers — the need for a consistent, institutional-grade audit standard across all applications becomes increasingly critical. CredShields' appointment as official Audit Partner establishes that standard, giving builders on Canton a trusted security partner and giving institutions using the network an additional layer of verified confidence in the applications they rely on.
