The CC token surged in Canton as the biggest winner in the cryptocurrency market on Christmas Eve, rising by more than 25% within 24 hours despite low liquidity during the holidays and generally negative sentiment. This increase pushed CC ahead of major assets and privacy coins.
This move was not driven by media hype or seasonal speculation. Instead, it reflected an increasing institutional narrative around tokenizing real-world assets (RWA) and regulatory clarity—two topics that have gained momentum heading into the end of the year.
At the heart of the event is the Canton network, a privacy-enabled layer one blockchain designed specifically for regulated financial institutions.
Unlike public decentralized finance chains, Canton allows institutions to transact on-chain while preserving sensitive data privacy. This is a key requirement for banks, clearinghouses, and asset managers.
The utility token used in Canton, CC, is for transaction fees, network security, and validator incentives. Its value is less tied to retail activity and more to institutional use.
For this reason, price movements are very sensitive to developments at the infrastructure level.
Momentum accelerated after DTCC (the Depository Trust & Clearing Corporation) confirmed progress in the conversion of U.S. treasury securities held by DTC onto the Canton network.
This initiative comes after the regulatory green light from the U.S. Securities and Exchange Commission, which issued a no-action letter allowing DTCC to proceed with live tokenization infrastructure.
This development has formed one of the clearest regulatory endorsements yet for treasury bonds on-chain.
As a result, markets began to reprice Canton as a foundational infrastructure rather than a speculative blockchain project.
Earlier in December, Canton also deepened its RWA stack through a partnership with RedStone, which became its primary oracle provider.
This integration provides real-time compliant pricing feeds for tokenized assets, linking institutional markets to decentralized finance without compromising privacy.
Together, these developments position Canton as a settlement layer for trillions of dollars in traditional financial assets.
Industry estimates suggest that daily transaction volume exceeds $300 billion already flowing through applications built on the network.
Most importantly, the rise came during a low-liquidity holiday session. This context amplified the move but also highlighted where capital is focused ahead of 2026: compliant tokenization infrastructure.
While broader cryptocurrency markets remain cautious, CC's performance has highlighted increasing divergence.
Investors are increasingly distinguishing between speculative tokens and protocols directly linked to the adoption of regulated finance.
On Christmas Eve, Canton sat firmly in the last camp—and the market reacted accordingly.
