Noves, the private data infrastructure platform serving more than 150 Canton Network participants, has partnered with RedStone to integrate price feeds for stablecoins and tokenized funds into the Noves Data Platform.
The integration gives custodians and fund administrators using Noves access to mark-to-market valuation, book close, and cost-basis reporting, while preserving the privacy and control that Canton's settlement model requires. Until now, institutions operating privately on Canton have lacked a standardised pricing layer that matches the network's privacy architecture. This partnership addresses that gap directly.
RedStone supplies price feeds across crypto, equities, commodities, foreign exchange, and custom NAV feeds for tokenized funds, covering the asset classes institutions are actively bringing on-chain. Within the Noves platform, RedStone feeds provide pricing for stablecoins and tokenized funds that the platform would otherwise have no price source for.
The longer-term architecture points toward selective disclosure. Over time, the same model is intended to support oracle workflows where approved pricing outputs can reach an auditor, regulator, counterparty, or oracle without exposing unrelated private activity on the network.
In April, RedStone submitted the Canton Access and Privacy Standard, known as CAPS, as a formal Canton Improvement Proposal. The standard defines how Canton applications should establish and share prices without compromising the network's privacy guarantees. Under the proposed model, one credentialed source establishes a single agreed-upon price, and each institution then creates its own private copy for internal use, one the oracle itself never sees. The proposal is currently under community review.
RedStone is also in early discussions with several institutions about using CAPS as the pricing layer for assets they are bringing onto Canton, including Hamilton Lane's SCOPE private credit fund, Re's reUSD reinsurance token, Fasanara's F-ONE alternative credit fund, and Spiko's tokenized treasury bill products. Each of these funds is already issued as a token on other chains.
