Interstice Digital has launched a non-custodial cross-chain swap engine in partnership with digital asset prime brokerage FalconX, connecting the Canton Network with Ethereum, Solana and Robinhood Chain.
The engine enables institutional investors to swap assets across the four networks without Interstice taking custody or executing transactions on users’ behalf. FalconX supplies liquidity for the system, which is designed to bridge tokenized assets on Canton—an institutional-focused blockchain with privacy and permissioning controls—with liquidity on public blockchains such as Ethereum and Solana.
Canton’s ecosystem includes major financial institutions including JPMorgan, Goldman Sachs and BNP Paribas. Interstice, a wholly owned subsidiary of Everyrealm, is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard. The company did not disclose initial supported assets or transaction volumes for the swap engine.
The integration coincides with growing institutional adoption of Canton for tokenized assets and blockchain-based settlement. In July, Tradeweb executed an onchain US Treasury trade where Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash. Tradeweb provided execution and price discovery, while Canton synchronized real-time settlement between the two assets using USDCx, a USDC-backed stablecoin issued on Canton. Participants included Societe Generali, Digital Asset and Blockdaemon.
Societe Generale has deployed euro- and dollar-denominated stablecoins on Canton for tokenized collateral, repurchase agreements and institutional settlement, while Visa has tested private stablecoin settlement on the network. Additional initiatives include a Japanese government bond collateral pilot involving Mizuho and Nomura, and S&P Dow Jones Indices placing its iBoxx US Treasuries Index on Canton.
