BitSafe Unveils Canton-Based DeFi Infrastructure

BitSafe has launched a DeFi infrastructure based on the Canton Network, aiming to expand into the institutional blockchain market. The unveiled Decentralization Manager standardizes a structure that distributes operational authority, meeting the security and auditing needs of institutions simultaneously. On the 28th, BitSafe released the public beta of this framework after receiving over $1 million in support from the Canton Foundation's development fund. This tool is provided as open-source and is designed to enable DeFi applications and institutions to build services without a single point of failure. Previously, teams participating in the Canton Network had to build custody, governance, and auditing systems individually, but the Decentralization Manager offers these functionalities in a reusable structure, reducing development burdens. The Canton Network has established itself as a core infrastructure for institutions looking to move real assets and financial operations on-chain, with the Decentralization Manager providing basic features such as token issuance, custody, and multi-signature wallets. In terms of security, it has passed independent audits by blockchain auditing firm Quantstamp. The first real-world application of this framework is CBTC, which has recorded over 10 million transactions to date. Participating companies cite the elimination of a single control point as a key advantage, and BitSafe is making the public beta available through GitHub while also running a grant program for additional development support.