Canton is the first crypto winner of the new year

With a profit of some 50% in the past week, Canton is the first crypto winner of the new year. The small cryptocurrency is attracting increasing attention from Wall Street, which is searching for new blockchains to trade well-known financial investment products as digital tokens.

Canton appears ideally suited for this and will soon trade U.S. T-bonds.

Devs

During every crypto “winter” (if this period even turns out to be one), new discoveries and developments emerge in the cryptocurrency market. Developers (or Devs) work tirelessly behind the scenes to continuously improve existing blockchains and integrate them into the financial products of traditional banks and investment funds.

Canton, which focuses on securing networks between existing banks and tokenizing (converting existing investment products into digital currencies) is therefore experiencing increasing demand for its blockchain.

In particular, the fact that Nasdaq, the company that hosts the well-known technology exchanges, appears prepared to ask Canton to convert U.S. T-bonds into digital currencies, gave the small cryptocurrency an unprecedented boost last week. Canton, which has only been trading as a digital currency since last November, momentarily entered the CoinMarketCap’s Top 20 yesterday.