Canton Network and CC: What LSEG, DTCC and Visa Mean for the Coin

Some of the biggest names in traditional finance are now on a crypto network most investors have never charted. On September 28, 2026, the London Stock Exchange Group (LSEG) joined the Canton Network as one of the operators that helps run it. Visa did the same earlier in 2026, and the DTCC, the company at the center of US stock market settlement, picked Canton to tokenize US Treasuries.

The obvious question for anyone looking at Canton’s coin, CC, is whether those firms own it. The video’s answer is that using a network and holding its token are two very different things. Here is what Canton is, what the coin actually does, what critics say, and what to watch next.

What is the Canton Network?

Canton is a blockchain built for capital markets that keeps each firm’s trades private. It comes from a company called Digital Asset, whose co-founder and chief executive, Yuval Rooz, came from the trading world.

The problem he set out to solve, per the video, is simple. Banks want the speed of a blockchain, but no bank wants every trade it makes visible to the whole world. Rooz said the goal was to convince issuers to move their books and records on chain, which meant offering settlement finality without making those records public.

The video compares it to the internet. Anyone can use the internet, but your bank’s website does not show your account to strangers. On Canton, each firm sees its own trades, not everyone else’s.

One detail the video highlights: in 2017, when many projects were raising money through token sales, Rooz has said Digital Asset chose not to. The firm built with banks for years before any coin existed.

What is a super validator?

A super validator is one of a small group of approved operators that run the shared part of Canton and put transactions in order. They are paid in newly created CC for that work, and they do not see the private details of trades.

The video argues this is a deeper commitment than a typical partnership announcement. A company can sign a press release and never use a product again. A super validator is helping run the network.

Which big firms are involved, and when?

The video lists only the involvements it says are settled with dates:

Firm	Role on Canton	Date
DTCC	Partnered with Digital Asset to tokenize US Treasuries it holds	Announced December 17, 2025
DTCC	Said real trades were processed using those tokenized assets	July 2026
DTCC	Tokenization service planned to launch commercially	October 2026
Visa	Became a super validator	2026
London Stock Exchange Group	Became a super validator	September 28, 2026

The DTCC describes its role as building “connective tissue” between parallel systems. In its own words, tokenization lets firms move collateral instantly and finance positions around the clock. The video explains why that matters: in traditional markets a lot of money sits idle overnight and on weekends waiting for offices to open. If it can move at any hour, firms need less cash parked as a cushion.

Canton’s own account describes the opportunity as a portion of $114 trillion in assets. The video stresses the word portion.

LSEG also released a video on October 1, 2026 for its own digital securities platform. That is a separate project and does not mention Canton.

What does Canton Coin (CC) actually do?

CC is a fee token. Transaction fees on Canton are priced in US dollars and paid by burning CC. At the same time, new CC is created continuously as rewards for the operators who run the network and the apps that bring activity to it.

Rooz calls this a burn-mint equilibrium. The video’s plain-English reading is that this means balance, not a promise that supply only goes down. Rooz also said that if the network did not have utility, its market cap should go to zero.

The video notes that CC was trading at around 12 cents on October 4, 2026, and suggests many people bought on the headlines without being able to say what the coin does.

Does network activity mean demand for CC?

Not directly. The video’s central point is that a bank using the network is not the same as a bank buying the coin. Visa running a node tells you nothing about whether Visa holds any CC.

Repo is the clearest example. Repo is short-term secured lending that banks use to fund themselves. In a separate deal from the DTCC one, Digital Asset built 24/7 repo processing with Broadridge. In February 2026, Rooz said Broadridge was doing more than $400 billion of repo a day, close to 10% of US daily volume. Canton’s own account gave a figure of about $365 billion a day in August 2026.

That is real activity, not a pilot. But all of that repo is priced in dollars and settled privately. CC is burned only on network fees, not on the size of the trades. So hundreds of billions moving through Canton does not mean hundreds of billions flowing into CC.

What do critics say about Canton?

Critics say Canton looks like a centralized Wall Street chain with a coin attached. In March 2026, one crypto show host put it to Rooz directly that the network looks very centralized. In an April 2026 debate on Unchained, Alex Gluchowski, who runs Matter Labs, a rival building institutional technology on Ethereum, pushed the criticism further.

The tradeoff is privacy. On Ethereum, anyone can check the whole ledger. On Canton, what banks do mostly stays between the firms in each trade. Banks like that. Some crypto users do not.

Rooz’s response, per the video, is to separate the network from the coin. He called Canton Coin a fully public asset like any other crypto asset and said there was no premine, meaning no coins were handed out to insiders before launch. The video does not pick a side. It says readers should know both views exist.

What are the risks for CC holders?

The video lists four risks:

1. Competition. The DTCC’s own language refers to tokenized assets moving across approved eligible networks, plural. Canton has a head start with Treasuries, but nothing guarantees it keeps every deal.
2. Supply. New CC is created as rewards all the time. If usage does not keep up, buyers have to absorb that new supply.
3. Who runs it. A small group of large firms runs the core of the network. Supporters call that trust; critics call it a club.
4. Privacy. It is why the banks are there, and also why outsiders cannot check most of what happens on the network.

None of this means Canton fails, the video says. It means the coin carries real risk even with well-known names around it, and famous names make that easy to forget.

A one-page check before you hold any coin

The video offers a simple exercise that costs nothing and works for Canton or any other coin:

1. Pick a coin you hold or are considering.
2. Write down, in one sentence, what the coin actually does.
3. Under that, write what would make it go up, and whether that is the same thing the headlines are about.
4. Write what you would do if it went up 50%, and what you would do if it went down 50%.
5. Decide what share of your money it gets and your exit point, before the next headline, not after.

If you cannot fill in the page, the video says that is normal. It is also the gap worth closing.

What to watch next

The video suggests ignoring the next logo announcement and tracking these instead:

• The DTCC tokenization service. It was set to go live in October 2026. What matters is how much volume actually moves through it on Canton. A launch is a plan; volume is proof.
• Burn versus new supply. If real fees start burning more CC than the network creates, the video calls that a genuine change. If not, more coins keep coming.
• The Grayscale filing. Grayscale filed with the SEC for a Canton ETF on June 5, 2026. It is filed, not approved. Approval could open the door to larger investors; a stall would also tell you something.

The DTCC itself says this infrastructure will move at the pace of its clients. That careful pace is good for the financial system, but it means no one can say how quickly network use turns into demand for one coin. The network could succeed while the coin lags, or the coin could do well if fees and burns catch up. A press release cannot tell you which.