Greywick Digital announced on October 1, 2026 that it signed a memorandum of understanding with the Litecoin Foundation to deploy cLTC, a tokenized institutional version of Litecoin, on the C
Greywick Digital disclosed on its official newsroom page on October 1, 2026 that it has signed a memorandum of understanding with the Litecoin Foundation to deploy cLTC on the Canton Network, a public blockchain purpose-built for institutional finance whose participants include DTCC, Goldman Sachs, and BNP Paribas.
Under the agreement, Greywick Digital will handle token issuance for cLTC and coordinate third-party verification of the reserves backing it, drawing on the firm’s existing specialization in asset issuance and independent attestation work on Canton. cLTC is designed as a tokenized version of Litecoin in which real LTC is held in reserve while representative tokens circulate on Canton under the CIP-56 token standard, giving institutions exposure to Litecoin’s price and liquidity without requiring them to integrate directly with the Litecoin blockchain itself.
The Litecoin Foundation has designated cLTC as the official institutional version of Litecoin, a status intended to give the token added credibility with the banks, custodians, and asset managers already active on Canton. David Schwartz, the Litecoin Foundation’s Director of Strategic Partnerships, said “most institutions like to work within an environment they are comfortable with,” adding that “cLTC on Canton is that seat,” framing the deal as a way to meet institutional investors where they already operate rather than asking them to adopt new infrastructure.
Greywick and the Litecoin Foundation are targeting a mainnet launch by late 2026, though no exact date has been set, with the timeline contingent on completing testnet validations and publishing the public reserve disclosures the arrangement calls for. Those disclosures are meant to let anyone verify that the supply of cLTC in circulation on Canton matches the real LTC Greywick holds in reserve, addressing a transparency concern that has dogged other tokenized-asset wrapper products in the past.
The partnership leans on Litecoin’s long operating history, with the network having processed more than 417 million transactions since its 2011 launch and maintained effectively full uptime throughout. For Canton, adding a tokenized version of one of the longest-running cryptocurrencies gives its institutional participants a new, well-established asset to trade and settle within Canton’s privacy-preserving, permissioned environment, extending the network’s reach beyond the tokenized real-world assets and fund products that have made up much of its activity to date.
This post first appeared in Greywick Digital Signs MOU With Litecoin Foundation to Deploy cLTC on Canton Network
