Interstice Digital, a wholly owned subsidiary of Everyrealm, has unveiled a cross-chain swap engine in partnership with FalconX, enabling seamless asset swaps between the Canton Network, Ethereum, Solana, and Robinhood Chain.
Non-custodial engine links institutional and public blockchains
The new engine operates on a non-custodial model, allowing users to exchange assets across the four networks without Interstice taking custody or executing trades on their behalf. This setup aims to promote security by removing the need for users to transfer control of their funds to a third party during swaps.
FalconX, a digital asset prime brokerage that serves institutional clients, supplies liquidity to the platform. The swap engine is specifically designed to connect the Canton Network’s institutional finance markets with the broader liquidity and asset pools found on public blockchains, including Ethereum and Solana. The capability offers users a new pathway to move tokenized assets between the permissioned Canton environment and more open, public networks.
The integration allows institutional investors to bridge tokenized assets from Canton to public chains like Ethereum and Solana without giving up custody, unlocking new liquidity and trading possibilities.
Interstice did not specify which digital assets will be supported at launch or disclose initial transaction volumes for the swap engine. The company is backed by prominent investors such as a16z Crypto, Coinbase Ventures, Galaxy, and Brevan Howard.
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AAPLMini dictionary: Canton Network — A permissioned blockchain platform focused on institutional markets, enabling settlement and tokenization for traditional financial assets.
Institutional adoption of digital assets on Canton
The swap engine rollout comes as Canton Network sees expanded use among traditional finance institutions interested in tokenizing assets and using blockchain for settlement. In July, electronic trading venue Tradeweb facilitated an onchain US Treasury transaction, with Franklin Templeton transferring a tokenized US Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb oversaw trade execution and price discovery, while the Canton Network provided synchronized, real-time settlement between the two assets. This was described as the first real-time purchase and sale of a tokenized US Treasury security settled against USDCx— a USDC-backed stablecoin issued on Canton. Participants in this transaction included Societe Generale, Digital Asset, and Blockdaemon.
| Institution | Asset or Initiative | Network |
|---|---|---|
| Franklin Templeton | Tokenized US Treasuries | Canton |
| Societe Generale | Euro and dollar stablecoins, collateral, repo financing | Canton |
| Visa | Private stablecoin settlement tests | Canton |
| Mizuho & Nomura | Japanese government bond collateral pilot | Canton |
| S&P Dow Jones Indices | iBoxx US Treasuries Index | Canton |
Societe Generale, a major French banking group, has deployed euro- and dollar-denominated stablecoins on Canton for applications such as tokenized collateral, repo finance, and institutional settlements. Visa has also tested private stablecoin settlement using the network.
Additional initiatives include a Japanese government bond pilot involving Mizuho and Nomura banks, as well as S&P Dow Jones Indices placing its iBoxx US Treasuries Index on the Canton Network. These pilots demonstrate Canton’s growing role in the institutional adoption of blockchain-based settlement and tokenization in the capital markets.
