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19 August, 2026 / News / AI / 665 reads / Tags: canton, interstice, falconx, tokenized, engine

Partnership with FalconX enables institutional users to move tokenized assets between the Canton Network and major public blockchains while retaining full control of funds
Interstice Digital has introduced a non-custodial cross-chain swap engine developed with FalconX that connects the Canton Network to Ethereum, Solana and Robinhood Chain. The system is designed to let users exchange assets across the four networks without Interstice taking custody of funds or executing transactions on their behalf.
FalconX, a digital asset prime brokerage serving institutional clients, supplies the liquidity that powers the engine. The arrangement is intended to create a direct pathway between Canton’s institutional tokenized-asset markets and the deeper liquidity pools available on public blockchains.
Interstice Digital, a wholly owned subsidiary of Everyrealm, stated that the engine keeps users in control of their assets at every stage of a swap. The company does not hold customer funds and does not submit transactions for users. FalconX provides the liquidity layer that makes the cross-chain transfers possible.
FalconX Head of Trading Strategy Hassan Bassiri described the collaboration as meeting a clear institutional need for infrastructure that can move capital across different blockchain environments.
Interstice has not disclosed which specific assets will be available at launch and has not released any transaction-volume data. The product has been designated a Featured App on the Canton Network. Interstice is backed by investors that include a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard.
Canton is a public blockchain built for institutional finance. It incorporates privacy and permissioning controls suited to regulated transactions and tokenized assets. Its ecosystem already includes major financial institutions such as JPMorgan, Goldman Sachs and BNP Paribas.
In July, electronic trading venue Tradeweb facilitated an on-chain U.S. Treasury transaction on Canton. Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash. Tradeweb handled execution and price discovery while Canton synchronized real-time settlement between the two assets. The trade was described as the first real-time purchase and sale of a tokenized U.S. Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton. Participants included Societe Generale, Digital Asset and Blockdaemon.
Societe Generale has deployed euro- and dollar-denominated stablecoins on Canton for use in tokenized collateral, repo financing and institutional settlements. Visa has tested private stablecoin settlement on the network and later added Canton to its broader stablecoin settlement program. Additional activity includes Japanese government bond collateral pilots involving Mizuho and Nomura, a separate proof-of-concept by Mitsubishi UFJ Financial Group companies examining JGB repo transactions, and the placement of S&P Dow Jones Indices’ iBoxx U.S. Treasuries Index on Canton.
| Institution or Entity | Activity on Canton |
|---|---|
| Franklin Templeton / Virtu Financial | Tokenized U.S. Treasury trade settled against USDCx |
| Societe Generale | Euro and dollar stablecoins for collateral and repo |
| Visa | Private stablecoin settlement tests |
| Mizuho / Nomura | Japanese government bond collateral pilot |
| Mitsubishi UFJ group | JGB repo proof-of-concept |
| S&P Dow Jones Indices | iBoxx U.S. Treasuries Index |
Interstice cited the scale of the public networks it is linking to Canton. Robinhood reports 28 million funded accounts and $369 billion in total platform assets, while Robinhood Chain reached 100 million transactions faster than any other EVM network. Solana recorded 167 million monthly active addresses in April 2026 and processed $650 billion in stablecoin transaction volume in February. Ethereum continues to host one of the industry’s deepest developer ecosystems, and Robinhood Chain is built on Ethereum technology.
Digital Asset, the company behind the Canton Network, raised $355 million in June in a round led by a16z crypto. Earlier strategic funding had included participation from Goldman Sachs, Citadel Securities, DTCC, BNP Paribas and Tradeweb Markets. The capital is intended to support further partnerships and expansion of the Canton ecosystem.
The new swap engine arrives as traditional financial institutions increase their use of Canton for tokenized securities, stablecoins and blockchain-based settlement. By linking these institutional markets to public-chain liquidity without requiring users to surrender custody, Interstice and FalconX aim to reduce friction for institutions seeking to move tokenized assets between permissioned and open environments.









