BitGo, a prominent digital asset custody provider, has announced its support for the CC token, the native cryptocurrency of the Canton Network. This development is set to offer U.S. institutional investors secure and compliant storage solutions for the CC token, potentially boosting its credibility and adoption. The Canton Network, a privacy-focused Layer 1 blockchain, is tailored for institutional-grade DeFi applications, emphasizing confidential transactions. BitGo's backing is anticipated to drive increased institutional interest in the network.