USDCx deposits and withdrawals now available in Canton!

Funding

USDCx funding through Canton is now available. Deposit link below.

Make sure to deposit your tokens on networks supported by Kraken. Deposits made via other networks will be lost.

About Canton and USDCx

Canton

Canton Network is a privacy-friendly Layer 1 blockchain specifically designed for regulated financial institutions and real-world tokenized assets. Unlike public ledgers where all data is visible by default, Canton offers sub-transaction privacy (only parties involved in a transaction see the relevant details) while allowing atomic settlement between applications and selective disclosure to regulators and counterparties.

The network is structured as a “network of networks,” in which independent financial applications and ledgers interact through a shared synchronization layer that preserves data privacy. CC is the native utility token, used to pay network fees and reward validators, super validators, and app creators.

USDCx

USDCx is a Canton-native stablecoin, backed by the USDC held in Circle xReserve. When a user deposits USDC into xReserve on Ethereum, an equivalent amount of USDCx is issued to Canton.

Note: Geographic restrictions may apply

Please note:

• Trading through Kraken App and Instant Buy will be available once liquidity conditions are met. (when enough buyers and sellers have entered the market for their orders to be effectively matched).
• Geographic restrictions may apply

Will Kraken make more assets available?

Yes! But our policy is not to reveal any details until shortly before launch, including which assets we are considering. All available Kraken tokens can be found here, and all future tokens will be announced on our announcement roadmap and social media profiles. Our customer engagement specialists cannot answer any questions about what assets we might make available in the future.

Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value relative to the value of the reference asset when traded in secondary markets or that the asset reserve, if any, will be sufficient to satisfy all redemptions.