The CC token from Canton was the biggest gainer in the cryptocurrency market on Christmas Eve. In 24 hours, CC rose by more than 25%, despite the low liquidity during the holidays and an overall negative sentiment. Due to this increase, CC surpassed major coins and privacy coins.
This movement was not caused by hype among retail investors or seasonal speculation. The increase is mainly related to a growing narrative in the sector around Real-World Asset (RWA) tokenization and more clarity from regulation – two topics that are gaining momentum at the end of the year.
Central to this rise is the Canton Network, a privacy-focused Layer-1 blockchain specifically designed for regulated financial institutions.
Unlike public DeFi chains, institutions can execute transactions on the chain via Canton while keeping sensitive data private. This is important for banks, clearinghouses, and asset managers.
The utility token of Canton, CC, is used for transaction fees, network security, and rewards for validators. Its value depends less on retail activity and more on institutional use.
Therefore, price movements react strongly to developments at the infrastructure level.
Momentum increased after DTCC (Depository Trust & Clearing Corporation) confirmed that they were making progress on tokenizing DTC-registered US Treasury securities on the Canton Network.
This initiative came after approval from regulators by the US SEC, which gave DTCC permission to start with real tokenization infrastructure through a non-action letter.
This development is one of the clearest confirmations so far of regulation for on-chain Treasuries.
This led the market to see Canton as core infrastructure, not just a speculative blockchain project.
Earlier in December, Canton also strengthened its RWA stack through a collaboration with RedStone, which is now the main oracle provider.
This allows compliant price feeds to be delivered in real time for tokenized assets. Thus, institutional markets and DeFi are combined without sacrificing privacy.
Together, these developments ensure that Canton positions itself as a settlement layer for trillions of dollars in traditional financial assets.
According to estimates in the sector, more than $300 billion in transactions are now taking place daily via applications built on the network.
The rally occurred in a market with low liquidity during the holidays. This context amplified the movement but also shows where the money is flowing towards 2026: infrastructure for compliant tokenization.
Although the broader crypto market remains cautious, the performance of CC shows that the gap is widening.
Investors are increasingly distinguishing between speculative tokens and protocols that directly connect to regulated financial adoption.
On Christmas Eve, Canton clearly belonged to that last group – and the market reacted immediately.
