Litecoin Tokenized as cLTC on Canton Network

Litecoin is making its way onto the Canton Network in a tokenized form called cLTC. This move marks a significant step for Litecoin, as it will give institutions access to regulated finance that was previously unavailable.

cLTC is a wrapped token, meaning that real LTC is locked in reserve and a matching token circulates on Canton. Greywick Digital issues the token and has an independent third party confirm the backing exists through continuous attestation.

The Litecoin Foundation has endorsed Greywick's cLTC as the version of Litecoin on Canton for institutional trading, yield-bearing products, and other institutional-grade vehicles on the network.