CIP-0112 has been approved: Canton Network Token Standard V2.
This is a major upgrade to the CIP-0056 token standard that governs how assets are issued, transferred, and settled across
@CantonNetwork.
V2 introduces improvements across privacy, performance, and compatibility with traditional financial accounting.
What changes:
→ Privacy-enhanced batch settlement: Parties in a multi-leg trade only see their own legs, not the full settlement
→ Accountable holdings: The new Account model supports multi-tier custody chains, enabling traditional finance workflows on-chain
→ Committed allocations and iterated settlement: Assets can be locked to an app or protocol for prefunded trading, with settlement occurring repeatedly without re-authorization
→ Improved user flows: Traders authorize a settlement with a single signature through their wallet
→ EventLog for transaction parsing: Standardized event emission for wallets, exchanges, and apps
→ Full backwards compatibility with V1: Apps, assets, and wallets can upgrade independently
The V2 standard is designed to bridge TradFi settlement workflows and DeFi composability on the same infrastructure without splitting the on-chain ecosystem.
Approved June 12, 2026.