[DigitalToday reporter Yoonseo Lee] Ripple has added support for the Canton Network to version 1.43 of its institutional platform Ripple Custody.

U.Today, a blockchain media outlet, reported on Oct. 7 that the update allows banks and funds to custody Canton Coin (CC) and CIP-56 tokens in a single secure environment.

The move is seen as an infrastructure expansion aimed at Wall Street’s real-world asset (RWA) tokenisation market. Late last year, some in the market speculated Canton could become an "XRP killer," but the new support has made clearer a structure in which the two networks take on different roles rather than compete.

The Canton Network targets information disclosure issues that have been cited as an obstacle when banks adopt blockchain. It is designed so that each participant can view only its own data even in multi-party transactions.

Ripple added institutional management features in this version to handle such private environments. It is structured to provide control functions such as segregated key custody, pre-approval and two-step transfers through a familiar interface.

The scope is also far removed from services for retail investors. Canton's industry base is already used by Goldman Sachs, BNP Paribas and BNY Mellon. The Broadridge platform processes repo transactions worth billions of dollars daily through this network, and DTCC is tokenising U.S. Treasuries on top of this infrastructure.

Its settlement structure also clearly targets institutional demand. The CIP-56 standard supports delivery-versus-payment (DVP) settlement. Trading parties can complete settlement atomically without going through vulnerable cross-chain bridges.

Late last year, the market forecast that competition for leadership in bank infrastructure could emerge as a crypto rally coincided with Bitwise’s preparations to launch a Canton Coin-based exchange-traded fund (ETF). But this update showed a different direction. Canton is taking on the role of a private ledger and digital notary that processes ownership records within banks, while Ripple and XRP remain a public liquidity bridge that connects cross-border value transfers between fragmented systems.

For Ripple, it also has the effect of preventing customer churn. By allowing institutional clients to handle Canton assets within the same custody framework even if they move to a multi-chain environment, the strategy to maintain its position as a key infrastructure partner in Wall Street’s tokenisation market has become clearer.

Ultimately, the core of this update is a change in the competitive landscape. Instead of the "XRP killer" scenario the market expected, it has been confirmed that the tokenisation market is being reshaped toward a model in which banks’ private ledgers and public network-based liquidity connectivity operate in parallel.

Ripple Custody is now integrated to Canton. https://t.co/Rzl18rxaJ3