The post BitSafe Integrates Chainlink Data Standards for CBTC – A New Era for Canton Network DeFi appeared on BitcoinEthereumNews.com.

Decentralized Finance (DeFi) has experienced a large amount of change as Financial Institutions (TradFi) look for reliable on-chain data for their protocols. This is accomplished through integrating Chainlink’s most recognized off-chain data platform with BitSafe as their official provider of CBTC via the Canton Network. The addition of Chainlink’s proof-of-reserve (PoR) technology will enhance BitSafe’s ability to offer effective solutions for lending, borrowing, and exchanging with its customers. Strengthening CBTC Ecosystem with Chainlink Infrastructure BitSafe aims to enhance transparency and dependability for institutional partners and end users by constructing CBTC (Canton Bitcoin) with Chainlink‘s Proof of Reserve function. The Proof-of-Reserve service provides users, as well as institutions who use CBTC, with real-time proof of the collateral that backs the CBTC token. This raises the level of trust and provides security for the use of CBTC by institutional customers, assisting with institutional adoption of CBTC, avoiding the risk of instituting a fractional reserve system, and avoiding the risk of using an opaque system of collateralization for CBTC against the underlying asset. Additionally, the implementation of data streams with Chainlink guarantees that BitSafe’s decentralized apps (dApps) will receive high-frequency and low-latency price information. This is critical to the preservation of the health of the lending and borrowing markets; accurate liquidations and the value of collateral rely on millisecond precision. Expanding DeFi Capabilities on the Canton Network The Canton Network has become the leading private blockchain for institutional assets; this most recent BitSafe addition provides a clear demonstration of how to extend the DeFi capabilities of the Canton Network. With their integration of these data standards, BitSafe is not only adding new functionality to the network. They are building infrastructure on top of this technology for the next generation of complex financial products. This integration will enable complex transactional processes between on-chain and…

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Filed under: News - @ February 28, 2026 3:12 am