ONE is designed to become the native dollar liquidity layer for @CantonNetwork DeFi.
That vision becomes more powerful when ONE moves directly into real financial applications.
Raven is one of the clearest examples of this thesis in action.
Through @RavenMarkets's integration of ONE, users can now trade, settle, and receive payouts in ONE across digital options markets on Canton.
This moves ONE beyond a minted dollar asset.
It becomes active market liquidity.
Alpend provides the dollar liquidity layer.
Raven provides the trading venue.
BitSafe provides Bitcoin exposure through CBTC.
Together, they create one of the first fully native on-chain option flows on Canton.
What Is Raven?
Raven.Market is a digital options trading protocol built on the Canton Network.
Instead of relying on perpetual leverage or liquidation-heavy margin systems, Raven focuses on simplified directional trading through fixed payout markets.
Users choose whether an asset will settle above or below a strike price within a fixed timeframe.
If correct, the contract settles at a predefined payout.
If incorrect, the trader only loses the premium paid upfront.
Raven also introduces a unique coupled AMM system purpose-built for digital options markets.
Instead of depending on order books or external counterparties, Raven’s AMM provides continuous liquidity for both entering and exiting positions.
CALL and PUT pricing remain dynamically linked through the same market structure, allowing payouts and pricing to adjust efficiently as market demand shifts.
This gives users a cleaner trading experience with responsive pricing, guaranteed AMM-backed exits, fully collateralized settlement, and no liquidation-driven downside.
Raven has already shown significant traction through its CC markets and has quickly become one of the key applications within Canton DeFi.
Why ONE Matters for Raven
Markets do not only need trading infrastructure.
They need settlement infrastructure.
That is the role ONE is designed to play.
ONE is a CC-backed dollar primitive built specifically for Canton-native DeFi.
For Raven, ONE becomes the settlement asset for market participation and payouts.
Instead of settling trades directly in volatile collateral assets, users can trade through a dollar-denominated asset while remaining fully inside the Canton ecosystem.
This creates a cleaner trading experience for Raven users.
Traders can evaluate risk, price outcomes, and payouts in dollar terms without introducing unnecessary volatility into the settlement asset itself.
The Bigger Picture
The integration between Alpend and Raven is not just about adding another asset to a trading venue.
It demonstrates how native liquidity and native settlement can coordinate directly across Canton applications.
Users can mint or acquire ONE, trade markets on Raven, receive payouts in ONE, and continue using that liquidity across the Canton ecosystem.
Instead of liquidity remaining trapped inside isolated applications, ONE becomes reusable financial infrastructure for Canton-native markets.
That is what makes a native credit layer possible.
Bitcoin markets are now live on Raven with ONE settlement.
Trade BTC digital options on Raven:
