Interstice Digital has launched a non-custodial cross-chain swap engine with FalconX that connects the Canton Network with Ethereum, Solana, and Robinhood Chain while using FalconX to supply liquidity.
Summary
- Interstice Digital has launched a non-custodial swap engine connecting Canton with Ethereum, Solana and Robinhood Chain.
- FalconX is providing liquidity for cross-chain swaps without Interstice taking custody of user assets.
- The engine gives users a route between tokenized assets on Canton and liquidity across major public blockchains.
- Canton is already being used for tokenized Treasuries, stablecoin settlement and institutional collateral transactions.
Interstice Digital said in an Aug. 18 announcement that the engine lets users swap assets across the four networks without the company taking custody of funds or executing transactions on their behalf. The company also said the product has been named a Featured App on Canton.
The system is designed to give users a route between tokenized assets issued or traded through Canton and liquidity available on public blockchain networks. FalconX, which provides digital asset prime brokerage services to institutional investors, is supplying liquidity for the engine.
Interstice Digital links Canton with three public-chain markets
Under the new setup, Interstice is connecting Canton’s institution-focused infrastructure with Ethereum, Solana and Robinhood Chain, three networks that provide access to different parts of the digital asset market.
Interstice described Canton as a public, permissionless blockchain built for capital markets, with privacy and permissioning controls intended for regulated transactions. The network is used by financial institutions working with tokenized securities, collateral, and blockchain-based settlement.
For the public-chain side of the connection, Interstice cited the scale of the networks involved. The company said Robinhood has 28 million funded accounts and $369 billion in total platform assets, while Robinhood Chain reached 100 million transactions faster than any other EVM network.
Solana recorded 167 million monthly active addresses in April 2026 and handled $650 billion of stablecoin transaction volume in February, according to figures cited by Interstice. The company described Ethereum as the industry’s deepest developer ecosystem and noted that Robinhood Chain uses Ethereum technology as its base.
“We built the cross-chain swap engine to help connect Solana, Ethereum, and Robinhood Chain to the growing Canton ecosystem where over $9T in tokenized RWA flow monthly,” Interstice Digital CEO Janine Yorio said.
Interstice did not disclose which assets are supported at launch or provide transaction-volume figures for the engine. The company is a wholly owned subsidiary of Everyrealm and is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard.
FalconX supplies liquidity without Interstice holding user assets
FalconX’s role centers on liquidity for swaps routed through the engine. Interstice said its non-custodial structure means it does not hold customer assets or act as the party executing transactions for users.
FalconX Head of Trading Strategy Hassan Bassiri said institutional demand for digital assets is increasing and argued that firms will need infrastructure capable of moving capital between different ecosystems.
“The cross-chain swap engine we’ve developed with Interstice Digital is exactly the kind of infrastructure this market needs,” Bassiri said, after describing cross-ecosystem capital movement as an important requirement for institutional firms.
Canton is also being used for live and trial transactions involving government securities, stablecoins and institutional collateral.
Earlier in August, four Mitsubishi UFJ Financial Group companies launched a proof of concept to test Japanese government bond repo transactions on Canton, as crypto.news reported on Aug. 13. MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking and MUFG Bank are working with Digital Asset and Progmat on the project.
The participants plan to test automated processing and real-time settlement available around the clock. The trial forms part of Japan’s Financial Services Agency-backed Payment Innovation Project and includes work on whether blockchain infrastructure can improve funding and capital use in repo markets.
An earlier Japanese trial involving Japan Securities Clearing Corporation, Mizuho Financial Group, Nomura Holdings and Digital Asset tested whether rights linked to Japanese government bonds and updates to book-entry records could be handled through Canton while remaining within Japan’s existing legal framework.
Canton has expanded tokenized settlement activity
Canton has also been used in transactions involving tokenized U.S. government securities. In July, Tradeweb said it executed an onchain U.S. Treasury trade in which Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb provided execution and price discovery, while Canton synchronized settlement between the two assets in real time, according to the companies involved. Tradeweb described the transaction as the first real-time purchase and sale of a tokenized U.S. Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton.
Societe Generale, Digital Asset and Blockdaemon also participated in the transaction. Societe Generale has separately deployed euro- and dollar-denominated stablecoins on Canton for uses including tokenized collateral, repo financing and institutional settlement.
Payment companies are testing the network as well. Visa tested private stablecoin settlement using Brale’s SBC token on Canton in June and has since included Canton among the blockchains supported by its stablecoin settlement program. A July report on Visa’s program said the settlement pilot supported nine blockchains and had reached a $7 billion annualized run rate by March.
Visa joined Canton as a Super Validator in March before adding the network to its stablecoin settlement work. The company received approval for its validator application that month and later added Canton to its stablecoin settlement pilot.
Digital Asset has raised capital for Canton expansion
Institutional funding has accompanied the increase in activity around the network. Digital Asset, the company behind Canton, raised $355 million in June in a round led by Andreessen Horowitz’s a16z crypto fund.
A16z crypto contributed $100 million to the round, while other participants included Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, Optiver and the Abu Dhabi Investment Authority. Digital Asset said the capital would support partnerships, acquisitions and expansion of the Canton ecosystem.
The funding followed a $135 million strategic round involving Goldman Sachs, Citadel Securities, DTCC, BNP Paribas and Tradeweb Markets. Digital Asset has positioned Canton for financial applications that require transaction privacy while allowing different institutions and applications to coordinate settlement.
Canton’s use in government-bond markets has continued in Asia. The MUFG repo proof of concept is examining Japanese government bonds in short-term financing transactions, while a separate Progmat working group has been studying tokenized JGBs, stablecoin settlement, T+0 processing and 24-hour access.
S&P Dow Jones Indices and Kaiko have also placed the iBoxx U.S. Treasuries index on Canton through smart-contract infrastructure, according to the Aug. 13 MUFG report. The index project sits alongside other Canton-based work involving tokenized Treasury products and institutional collateral.
