Canton Foundation grants RedStone 15.8M Canton Coin for pricing standard

The Canton Foundation approved almost 15.8 million Canton Coin (worth about $1.55 million at the time of writing) to fund RedStone’s open-source pricing tool for institutions.The CC token, last trading at roughly $0.0979, has a market cap of $3.91 billion, according to Coingecko data, with $23.23 million in trading the past 24 hours.The Canton Access and Privacy Standard (CAPS) is designed to let institutions use a shared market price to value transactions without revealing their agreed settlement amounts to data providers, according to Thursday’s announcement shared with Cointelegraph.“By supporting open-source initiatives like CAPS, the Foundation is helping establish a shared privacy and licensing framework that enables multiple data providers to serve the network,” said Viv Diwakar, head of the Canton Foundation.Under the standard, the blockchain oracle provider, will publish a reference price that can be used to calculate transaction values.Initial development will cover pricing for tokenized funds, private-market assets and structured products. The pricing calculations and licensing module will be released under the Apache 2.0 open-source license, which allows other providers...