Dear Investors,
Apologies for the delay in sending out the last Investor Update.
April was a strong month for ecosystem expansion. We closed 7 new partnership agreements, launched 5 new integrations across lending, DEX, and on-chain infrastructure, and saw our first professional market maker (Elk Capital) go live on CBTC.
DecParty is in active development with the whitepaper published and mainnet beta preparations underway. For more information, please read: https://blog.bitsafe.finance/p/meet-decparty-decentralization-tooling-for-canton
Sales and Business Development
Haven Digital Partners x BitGo (Mar 25) — CBTC live on institutional lending/borrowing platform. First BTC institutional lending natively on-chain with qualified BitGo custody. Supports CBTC lending, USDCx/CC borrowing against CBTC collateral, undercollateralized loans, 24/7 automated settlement.
Alpend / Palladium (Apr 10) — Money market live on Canton. Confidential lend/borrow with CBTC and CC. 15% APY on USDCx, 8% on CC.
Temple CLOB v2 — ~Apr 23 launch. 1000x speed improvement. CBTC liquidity incentive program: 3.75 bps fee rebate + CC rewards.
Kora — Perps DEX building on Canton. Engineering simulation calls underway with BitSafe.
On-chain CBTC credential system — Coming soon. Will prevent unauthorized minting, improving security and trust.
DecParty — the programmable multi-party governance layer for Canton Network — is in active development. DecParty will be open-sourced, enabling any team on Canton to build multisig-backed custody and issuance products on the same primitive underlying CBTC.
Marketing and PR
Released first CBTC product update: blog.bitsafe.finance — Canton highlight update Apr 21, 2026
LinkedIn Posts
Canton BME Explained — BitSafe published a breakdown of Canton Network's Burn Mint Equilibrium economics, explaining how fees act as a supply control mechanism (usage burns tokens, contributions mint tokens) to keep costs predictable. LinkedIn Post →
Yuval Rooz cites CBTC on Unchained — During the "Is Canton a Real Blockchain?" debate on Unchained with Laura Shin, Digital Asset CEO Yuval Rooz pointed to CBTC as a live example of decentralization on Canton: "You don't rely on one third party to prevent double spend." LinkedIn Post →
Aki Balogh on theCUBE at NYSE — Aki appeared on NYSE Wired's Crypto Trailblazers series, discussing CBTC as the first asset on Canton, FROST threshold signatures for decentralized custody, and plans to open-source the Decentralized Party manager alongside new Token Factory and Vault Factory tools. LinkedIn Post →
Twitter Posts
DecParty Whitepaper launch (Apr 13) — BitSafe announced the DecParty Whitepaper, a generalized governance layer for Canton that distributes trust across independent parties. BitSafe also ranked #7 on Luis' Top 10 projects on Canton. Tweet →
Aki on FINTECH.TV at NYSE (Apr 20) — Aki was interviewed by Remy Blaire on the NYSE floor for FINTECH.TV's Market Movers segment. Key message: "Security is the thesis. Utility is the unlock." Tweet →
Bitcoin Board deep dive on CBTC (Apr 21) — BitSafe responded to a research article by @btc_board titled "When Wrapped BTC Is Not Enough," which analyzed CBTC's institutional Bitcoin approach beyond just bridging. Tweet →
AI design agent — Operational since April. Dark Factory workflow connects Claude, Figma, and design tokens for automated on-brand creative production. Flow: Notion request → Figma → Slack delivery, with conversational feedback in #ai-design-system. GitHub Actions + Figma plugin live; blog cover skill shipped.
Product
April was a solid month of forward progress on making CBTC more usable, more observable, and more resilient as the ecosystem scales.
Lower friction for users — The Canton Utility 0.12 upgrade meaningfully reduced costs: CBTC transfer fees dropped ~70% (to roughly $0.50 for direct transfers), which helps on-chain activity feel lightweight for both retail and institutional flows.
Better operational visibility — We shipped the Attestor Dashboard, giving the team real-time visibility into bridge health and activity — improving day-to-day reliability and making it easier to demonstrate the system in partner conversations.
Incentive Program reporting milestone — We wrapped the first major milestone for CBTC Incentive Program data and reporting: upgraded our data pipeline, shipped a dedicated API, and launched a web dashboard to track and attribute rewards across DEX and wallet partners. We also added a partner login experience so each partner can view and verify their own rewards ahead of payout.
Stronger production foundation — We improved deployment security (GitHub OIDC + automated container scanning with ongoing remediation), preserved and migrated important historical datasets while reducing infrastructure cost (including decommissioning legacy RDS footprint), and improved release confidence by unblocking and expanding integration testing for core governance and token custody paths.
Steady product development progress — We continued advancing next-generation Canton onboarding capabilities, iterating from a narrow “token issuance plugin” toward a broader utility onboarding direction, while modernizing deployment access patterns with more specialized IAM accounts.
Team
Mitch Bondur joined as Account Executive (New York) — comes from the low-latency exchange connectivity world, where he built infrastructure powering HFT on centralized venues. Working side by side with Aki on institutional BD on Canton.
Finance and Fundraising
RevFirst, a new VC entrant to the ecosystem, is completing a secondary purchase for several of our early investors who needed liquidity due to fund timelines. RevFirst’s principal, Allan Tear, is managing the process. His fund has a 10-year horizon, allowing him to take on these SAFE notes as a long-term position.
How You Can Help
We are focused on expanding three areas: liquidity, vault builders, and institutional distribution. Introductions to market makers, trading firms, and liquidity providers who can deepen CBTC markets are valuable. We are also looking to connect with asset managers and strategy teams interested in launching curator vaults using our DecParty and vault factory stack.
On the infrastructure side, we welcome conversations with wallets, custodians, and applications that want to integrate CBTC or issue assets using DecParty as their coordination layer.
If you can connect us to relevant counterparties, please reach out via Slack or email at [email protected].
Best,
Aki