Key Takeaways
- • PCP (Programmable Credit Protocol) has partnered with Digital Asset and the Canton Foundation to launch custody-native lending infrastructure on the Canton Network, enabling institutions to access credit without moving collateral out of regulated custody.
- • The solution supports borrowing and lending against tokenized securities, funds, deposits, Canton Coin, Bitcoin (CBTC), and other assets on Canton, directly addressing the capital efficiency gap in tokenized asset markets.
- • The collaboration transforms Canton from a settlement-only network into full financial market infrastructure by adding a credit layer, according to PCP CEO Rico van der Veen, enabling banks, hedge funds, and market makers to leverage institutional-grade controls.
- • Zodia Custody is identified as the sole custodian currently participating in PCP's pilot program with the Canton Network Foundation, positioning it as the initial operational partner for the infrastructure rollout.
Summary
PCP, the credit orchestration infrastructure provider for tokenized assets, announced a strategic partnership with Digital Asset (the technology company behind the Canton Network) and the Canton Foundation (the independent governing body) to introduce custody-native credit capabilities to the Canton ecosystem. The collaboration was formalized during Abu Dhabi Finance Week 2025, with announcements from Rico van der Veen (CEO of PCP), Melvis Langyintuo (Executive Director at the Canton Foundation), and Bayo Atkins (Sales Director MENA at Digital Asset).
The partnership addresses a fundamental gap in tokenized asset infrastructure: the ability for institutions to access credit without relocating collateral from regulated custody. Under this arrangement, banks, hedge funds, market makers, and other institutional participants will be able to borrow and lend against a broad range of assets native to Canton, including tokenized Treasury securities, fund shares, deposits, Canton Coin, and Bitcoin (CBTC). The custody-native structure preserves regulated custody control while unlocking liquidity, directly improving capital efficiency for institutional users.
According to PCP's CEO, the initiative represents a maturation of tokenized asset infrastructure beyond basic settlement functionality. Van der Veen stated that "every asset on Canton should be financeable — not just transferable," emphasizing that institutions require the ability to borrow against tokenized assets with robust institutional controls intact. The Canton Foundation's Executive Director reinforced this positioning, noting that "tokenization alone does not create markets — financing does," and that PCP's integration enables assets to function as working collateral while remaining within regulated custody frameworks.
Operationally, Zodia Custody has been identified as the initial custodian participating in PCP's pilot program with the Canton Network Foundation, suggesting a phased rollout strategy. The infrastructure is designed to address the structural inefficiency in current tokenized asset markets, where collateral mobility and credit availability have remained disconnected from institutional-grade custody standards.
The partnership addresses a fundamental gap in tokenized asset infrastructure: the ability for institutions to access credit without relocating collateral from regulated custody. Under this arrangement, banks, hedge funds, market makers, and other institutional participants will be able to borrow and lend against a broad range of assets native to Canton, including tokenized Treasury securities, fund shares, deposits, Canton Coin, and Bitcoin (CBTC). The custody-native structure preserves regulated custody control while unlocking liquidity, directly improving capital efficiency for institutional users.
According to PCP's CEO, the initiative represents a maturation of tokenized asset infrastructure beyond basic settlement functionality. Van der Veen stated that "every asset on Canton should be financeable — not just transferable," emphasizing that institutions require the ability to borrow against tokenized assets with robust institutional controls intact. The Canton Foundation's Executive Director reinforced this positioning, noting that "tokenization alone does not create markets — financing does," and that PCP's integration enables assets to function as working collateral while remaining within regulated custody frameworks.
Operationally, Zodia Custody has been identified as the initial custodian participating in PCP's pilot program with the Canton Network Foundation, suggesting a phased rollout strategy. The infrastructure is designed to address the structural inefficiency in current tokenized asset markets, where collateral mobility and credit availability have remained disconnected from institutional-grade custody standards.
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