by Zenith team, April 2, 2026
March highlighted how Canton Network is scaling in lockstep with the broader shift toward the Canton 3.5 release.
Institutions are wiring real capital, governance weight and operational workflows into Canton because it solves the exact problems they face: privacy, compliance, interoperability and 24/7 settlement at scale.
This recap delivers the signals that matter most.
Big Signal
Institutions are deepening their operational and governance commitments to Canton.
- Visa joins as Super Validator (weight 10). Visa will work directly with banks and institutions to scale privacy-preserving payments, settlement and treasury flows while staying within existing compliance frameworks.
- Mastercard launched its global Crypto Partner Program and announced the acquisition of BVNK to connect on-chain payments with fiat rails. Canton was included as a key partner in the program, reinforcing the network’s role in bridging stablecoins, tokenized assets and traditional payment infrastructure.
- With nearly $1 trillion in assets under management, Apollo’s entry as a Super Validator (weight 7) marks another major private credit and alternative asset giant committing to Canton’s infrastructure for tokenized funds and on-chain strategies.
- LayerZero goes live as the first interoperability protocol on Canton. Canton’s on-chain assets can now move between 165+ public blockchains (like @Ethereum, @Solana, @Aptos …) and Canton with institutional-grade privacy, control, and composability. This integration opens access to $95B+ in assets across 750+ applications, allowing institutions to seamlessly bring external liquidity for secondary trading or use external assets to fund primary purchases on Canton
- Moody’s launched its Token Integration Engine on Canton and started operating its own node. Credit ratings data is now natively available for tokenized markets, enabling more accurate and automated institutional risk pricing.
- As a Super Validator with max weight 10, Zenith officially launched the first EVM/SVM execution layer on Canton, and already processed 200K+ transactions in the test environment, showing how smoothly Ethereum-native applications can now compose with Canton’s institutional rails.
- Private subnets begin burning $CC: The Global Synchronizer is already burning $2.5M-$3M daily in fees, and the network has crossed 2 billion $CC burned in total. Until recently, large institutional volumes in private subnets did not contribute to burns. As interoperability between domains grows to support cross-firm settlement, every inter-subnet message will route through the Global Synchronizer and add to the burn.
These moves reflect growing confidence from institutions that are not only using Canton, but actively helping shape and secure it.
Builder Signal
March brought meaningful progress for builders on Canton with clearer incentives, better standards, and crucially, a major expansion of the developer base.
The biggest unlock undoubtedly came from Zenith. By launching the native EVM execution layer (with SVM support coming soon), Zenith effectively removes the traditional DAML barrier and opens Canton to the vast Ethereum developer ecosystem. With over 31,800 active developers in Ethereum and more than 16,000 new Solidity developers joining the space in 2025 alone, Solidity continues to dominate, powering roughly 65% of all smart contract deployments across EVM-compatible chains.
This means thousands of teams building DeFi protocols, lending platforms, options markets, prediction markets, RWAs, and institutional tooling can now use familiar tools like MetaMask, Foundry, and Hardhat to bring their applications directly onto Canton’s privacy-enabled, institutional-grade rails without having to learn a new language from scratch.
Several other important upgrades landed in March supporting builder activity:
- CIP-0105, SV Locking & Long-Term Commitment Framework approved, Super Validators can now voluntarily lock a portion of their earned rewards on-chain to earn additional weight, signaling stronger long-term alignment with the network.
- CIP-0096 phases out pure liveness rewards (previously ~70% of validator rewards), putting more weight on real contribution.
- CIP-0107 introduces a 24-hour submission delay for end-user transactions (up from 10 minutes).
- @Cantor8 Research Program: $200,000 allocated to Agentic AI research on Canton.
The Tokenomics group also approved several new Featured Apps, making them eligible for activity-based rewards: @redstone_defi, @ZodiaCustody (institutional-grade custody backed by Standard Chartered, SBI, Northern Trust and NAB), @Kora_Protocol, @HectoFinance, @Cantex_io, and @Noves_fi (CC Browser with on-chain actions).
This momentum is visible in the growing number of projects actively building on Canton. Projects like @Kora_Protocol, @temple_ny, @Zebec_HQ, @Cantor8, @Cantex_io, @modulofinance, @edeldotfinance and @Cansai_app are actively building and launching components on Canton rails.
See the full list here.
This early builder momentum signals that developer interest is shifting from curiosity to active construction.
Ecosystem Signal
High-quality participants continue to strengthen the network’s security and neutrality. March brought one of the strongest waves of institutional alignment this year.
Super Validator updates:
- Zenith, @meshpay, @Circle and @Visa welcomed as Super Validators (weight 10).
- @FireblocksHQ and @QCPgroup join as Super Validator (weight 5).
Other ecosystem developments:
- Another large wave of new validators joined throughout the month, further increasing network resilience and geographic diversity. Notable additions included @HSBC, @BitGo, Moodys Investor Service Inc, APEX Clearing Corporation, and many others, pushing the total validator count above 800.
- BitGo expanded its support for $CC to include electronic trading and Go Network settlement, in addition to existing custody and OTC trading. This makes BitGo the first regulated platform to provide complete institutional infrastructure for Canton in a single solution.
- USDCx on Canton enabled via @ZeroHash.
- @Transak is now integrated with the Canton Network.
- @Kora_Protocol launches private trading infrastructure powered by Canton.
- @HandlPay is coming to MEXC, becoming the first project token from the Canton ecosystem to reach a CEX.
- @pulsar_xyz, Console Wallet on Canton Network is going live.
- @BitSafe_Finance advanced institutional Bitcoin utility on Canton: cBTC now benefits from qualified custody by BitGo and real-time 1:1 backing verification. This significantly improves its usability as trusted collateral for lending and trading on Canton.
The ecosystem now includes 50+ Super Validators and 800+ validators, with governance increasingly supported by established financial institutions.
Economic Signal
Usage continues to drive $CC value in meaningful ways.
- Burn mechanics enter a new phase and The Global Synchronizer is now burning $2.5M-$3M daily in fees. With private subnets soon beginning to contribute and cross-domain interoperability on the horizon, every inter-subnet message will add to the burn. The network has crossed 2 billion $CC burned in total. Сurrent burn levels represent the floor, not the ceiling, and as interoperability increases, this deflationary pressure is expected to accelerate meaningfully, strengthening $CC’s scarcity and long-term value.
- $CC listings continue to expand. New listings went live on @cyptocom, @HashKeyExchange, @Eterna_Hybrid, and @SBI_DAH in Japan.
- Price showed resilience. $CC reacted positively to major catalysts, gaining +3.2% on the Zenith launch day while the broader market dipped, with similar moves around the Visa Super Validator announcement. The token traded steadily in the $0.14-$0.168 range throughout March.
- Governance Committee locked over $2 billion USD in lifetime SV rewards through the new CIP-0105 mechanism.
As Forbes noted about Canton in its March analysis: “The economic case for building infrastructure rails for tokenization is compelling and underpins the industry interest. McKinsey’s recent research also frames it not as a speculative innovation, but as a multi-trillion-dollar efficiency opportunity, particularly in post-trade processes, collateral mobility, and cross-border transactions.”
Next Signal
March laid the foundation of commitment. Canton shows clear leadership in Web2.5, with a participant base reflecting that reality.
When Zenith’s mainnet goes live in early Q3, it will open the floodgates for thousands of existing Ethereum builders and applications to bring their DeFi primitives, lending protocols, options markets, and tokenized asset strategies directly onto Canton’s privacy-first, institutional-grade rails. We expect this to dramatically accelerate both developer activity and on-chain volume in the second half of the year.
Further growth in private-subnet burns and additional Featured App approvals are anticipated. As more institutions begin interoperating across domains for real cross-firm settlement, the burn pressure has every chance to grow significantly. Right now we are still only seeing the floor of what the burn mechanics can deliver once full interoperability kicks in.
The flywheel is gaining real speed.
About Zenith:
Zenith is bringing traditional finance on-chain through Canton, extending Canton MainNet with native EVM and SVM execution environments.
As a Super Validator in Canton’s Global Synchronizer with an equivalent weight to the Visa, Circle, DTCC, Nasdaq, and Chainlink, Zenith is committed to tangible ecosystem growth through enhancing Web3 composability and simplifying accessibility for developers fueling the next phase of global, privacy-enabled financial markets.
Stay connected with Zenith at @ZenithFdn and explore more fresh news on the @CantonNetwork. The future of finance is private, interoperable, and globally accessible.
