Canton's CC token experienced a significant surge of over 25% on Christmas Eve, driven by increased institutional interest. On-chain data indicates that the rise occurred amid thin holiday trading, highlighting the impact of institutional activity on the token's performance. The growing interest is attributed to Canton's strategic plan to tokenize U.S. Treasury bonds by 2026, a move supported by a no-action letter from the SEC. This development has positioned Canton as a key player in the evolving landscape of digital asset-backed securities.