RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers.
The Canton Foundation approved almost 15.8 million Canton Coin (worth about $1.55 million at the time of writing) to fund RedStone’s open-source pricing tool for institutions.
The CC token, last trading at roughly $0.0979, has a market cap of $3.91 billion, according to Coingecko data, with $23.23 million in trading the past 24 hours.
The Canton Access and Privacy Standard (CAPS) is designed to let institutions use a shared market price to value transactions without revealing their agreed settlement amounts to data providers, according to Thursday’s announcement shared with Cointelegraph.
