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Litecoin Foundation Partners with Greywick Digital to Launch cLTC on Canton Network
The Litecoin Foundation has entered into a memorandum of understanding with Greywick Digital to develop cLTC, a tokenized version of Litecoin (LTC), designed for institutional finance on the Canton Network. The agreement, signed on October 1, 2026, aims to facilitate the trading of Litecoin within major financial institutions, a sector where it has had limited presence historically.
Under this arrangement, actual LTC will be secured in reserve, while cLTC will circulate on the Canton Network, which is tailored for institutional operations. Greywick Digital will manage the issuance of cLTC and ensure independent verification of the reserves backing the token. The reserves will be publicly disclosed, enhancing transparency for potential institutional users.
Canton is a public blockchain that has attracted significant players in the finance sector, including DTCC, Goldman Sachs, and BNP Paribas. It supports transactions involving tokenized real-world assets and offers programmable privacy features. The anticipated launch of cLTC on Canton’s mainnet is expected in late 2026, contingent upon successful testnet validations and the publication of reserve disclosures. This initiative could provide institutions with a new way to engage with Litecoin without directly interfacing with its native blockchain.
Source: KLEA News