Canton Foundation Grants RedStone 15.8 Million CC to Build CAPS Private Pricing Standard
The milestone-based grant funds an open-source tool meant to let Canton institutions value trades against a shared market price without revealing settlement terms to data providers.
The Canton Foundation has approved a grant of almost 15.8 million Canton Coin (CC) to oracle provider RedStone to build the Canton Access and Privacy Standard (CAPS), an open-source pricing tool for institutions on the Canton Network. The grant was announced on Thursday, 29 October 2026, according to Cointelegraph and Crypto Briefing.
At CantonCap's CC price of about $0.1016 on 29 October, the grant is worth roughly $1.6 million. According to Crypto Briefing, the tokens come from the Foundation's Protocol Development Fund and are paid out against milestones rather than upfront.
What CAPS is meant to do
According to the announcement shared with Cointelegraph, CAPS is designed to let institutions use a shared market price to value transactions without revealing their agreed settlement amounts to data providers. RedStone will publish a reference price that participants can use to calculate transaction values.
In its proposal to the Canton Development Fund, RedStone describes CAPS as a hierarchical, privacy-preserving push oracle model built natively on Canton's contract system. Visibility is split across layers: a feed producer, a root capsule and scoped derived capsules. In a June blog post, RedStone summarised the idea as one credentialed source establishing an agreed price, after which each institution creates its own private copy that the oracle itself never sees.
- Initial scope: pricing for tokenized funds, private-market assets and structured products.
- Licence: the pricing calculations and licensing module will be released under the Apache 2.0 open-source licence, which allows other providers to adapt them.
- Data providers: Viv Diwakar, head of the Canton Foundation, said the framework "enables multiple data providers to serve the network".
How the grant is structured
Crypto Briefing reports that the Protocol Development Fund pays out CC grants tied to milestones, allocates grants quarterly, and is financed by 5% of future CC emissions. According to Crypto Briefing, that means the grant represents new tokens entering circulation over time.
The funding proposal was filed as pull request #497 in the Canton Foundation's development fund repository on 7 July 2026. It was automatically closed the same day for lacking a Tech & Ops Committee champion, as required under CIP-0100, then reopened after a participant volunteered to champion it. The proposal moved to a live vote on 9 July 2026. RedStone says it first proposed CAPS as a Canton Improvement Proposal in April.
Questions raised in review
During the review, one participant asked whether CAPS should be combined or coordinated with the already approved Oracle Data Standard proposal (#113). RedStone argued the two cover distinct mandates: #113 standardises the format of on-ledger price data, while CAPS handles privacy, lineage and licensing. RedStone said CAPS derived capsules could implement the PublishedQuote and DataPoint interfaces defined in #113, so applications built for that standard could consume CAPS prices without a custom adapter.
