【Canton Ecosystem News】Cashen launches cashBTC, a BitGo-custodied BTC token planned to go live on Canton in Q1 2027
Cashen has introduced cashBTC for settlement, trading, and collateral on Canton. It is intended to be backed 1:1, minted after reserves are deposited and burned before redemption. The issuer is Cashen International (BVI), with Cayman Islands trust company Leeward as trustee and segregated cold custody provided by BitGo Bank & Trust. Direct minting and redemption are restricted to institutions that have completed AML onboarding; wallets, venues, and lending markets can integrate the issued token. A public reserve dashboard has been described, but is not shown on-chain. The target launch is Q1 2027, building on its CC lockup business and participation in the collateral working group.
Cashen has introduced cashBTC for settlement, trading, and collateral on Canton. It is intended to be backed 1:1, minted after reserves are deposited and burned before redemption. The issuer is Cashen International (BVI), with Cayman Islands trust company Leeward as trustee and segregated cold custody provided by BitGo Bank & Trust. Direct minting and redemption are restricted to institutions that have completed AML onboarding; wallets, venues, and lending markets can integrate the issued token. A public reserve dashboard has been described, but is not shown on-chain. The target launch is Q1 2027, building on its CC lockup business and participation in the collateral working group.