Deep Dive
1. MainNet Upgrade to v3.3 (25 June 2025)
Overview: The upgrade introduced privacy-centric token standards, Daml smart contract upgrades, and accelerated app development tooling.
Key technical improvements include:
- LocalNet Integration: Developers can now run a full Canton environment locally, slashing testing cycles.
- Token Standards (CIP-56): Simplified wallet integrations for institutions via Dfns and Copper, with built-in permissions and atomic settlements.
- Smart Contract Upgrades (SCU): Non-disruptive updates to Daml workflows, reducing migration risks.
What this means: This is bullish for Canton because it lowers barriers for institutional developers while maintaining compliance. Apps can now iterate faster without compromising privacy.
(Source)
2. CIP-0079: Price Feed Integration (15 October 2025)
Overview: Super Validators transitioned from manual CC/USD rate submissions to automated, market-aligned feeds.
The update mandates:
- Kaiko/Lukka Feeds: Regulated benchmarks replace internal SV pricing, updated every 10 minutes.
- Oversight Committee: Governance model balances transparency with IOSCO/BMR compliance.
What this means: Neutral short-term (operational adjustments) but bullish long-term. Market-driven pricing reduces arbitrage risks and aligns Canton with TradFi reliability standards.
(Source)
3. Universal Event Streams & API Expansion
Overview: Combined transaction trees, flat transactions, and topology events into a single queryable stream.
Developers gain:
- JSON Ledger API v2: Compatibility with legacy systems via RESTful endpoints.
- Advanced Filtering: Isolate specific event types (e.g., asset transfers) for real-time monitoring.
What this means: Bullish for ecosystem growth. Institutions can integrate existing infrastructure while building complex cross-application workflows.
Conclusion
Canton’s codebase advances reflect a dual focus: institutional readiness (privacy, compliance) and developer agility (LocalNet, APIs). The network’s $6T+ in tokenized assets and 600+ validators suggest these upgrades are scaling real-world utility.
Will Canton’s “boringly reliable” ethos attract more TradFi builders as crypto markets rebound?