The post Canton Network Adds First Bitcoin-Backed Token With Chainlink Integration appeared on BitcoinEthereumNews.com.

Verified Bitcoin backing and real-time price data position CBTC as institutional-grade collateral across Canton’s lending and trading platforms. Canton Network is expanding its institutional infrastructure with the launch of CBTC, its first Bitcoin-backed token. Issued by BitSafe, CBTC integrates Chainlink Proof of Reserve and Data Streams to provide verified backing and real-time BTC pricing. The move brings standardized collateral verification and live market data to lending, trading, and structured products on Canton. BitSafe Strengthens CBTC With Proof of Reserve and Data Streams CBTC, the first wrapped Bitcoin asset on the Canton Network, has integrated Chainlink Proof of Reserve and Chainlink Data Streams. These services were integrated to support institutional-grade financial use cases. Issued by BitSafe, CBTC is designed to support regulated financial cases that require privacy, control, and continuous verification. As the only wrapped Bitcoin token currently available on Canton, CBTC aims to serve as a reliable form of BTC-backed collateral across the network. Chainlink Proof of Reserve provides on-chain confirmation that CBTC is backed 1:1 by Bitcoin. As a result, market participants, developers, and counterparties can independently verify reserve data in real time. With this, the reliance on manual disclosures or off-chain attestations is reduced. At the same time, Chainlink Data Streams provides low-latency BTC pricing to applications that integrate the wrapped Bitcoin asset. Accurate and timely price feeds are essential for mark-to-market calculations, liquidation mechanisms, and automated settlement processes. BitSafe Connects CBTC to Live BTC Feeds for Institutional Finance Reliable BTC pricing is essential for any Bitcoin-backed financial product. BitSafe connected CBTC to Chainlink Data Streams to deliver fast, real-time BTC price data to applications on Canton. Live pricing supports mark-to-market calculations, liquidation triggers, and automated settlements. Platforms can react quickly to market changes without relying on delayed or manual updates. Moreover, developers in Canton no longer need…

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Filed under: News - @ February 28, 2026 3:24 am