DeFi & NFT

Story: Canton Network Lets Institutions Build Custom DeFi Security Walls Against Hackers

By Evie Vavasseur

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Why Institutions Need Custom Guardrails. DeFi moves fast. Too fast for many traditional financial players.

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How the Security Features Actually Work. Canton Network's guardrails operate at multiple levels.

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Digital Asset's Canton Network rolled out features that let big players in crypto set their own defenses. Institutions can now build guardrails tailored to their exact needs.

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The setup is pretty straightforward. Institutions log in, define what they want protected, and set boundaries around their DeFi operations.

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DeFi moves fast. Too fast for many traditional financial players. The decentralized nature of these platforms creates vulnerabilities that didn't exist in legacy finance.

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Canton Network addresses these fears head-on. Rooz thinks customizable guardrails are critical for getting institutions comfortable with blockchain.

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The network's flexibility matters more than people realize. A hedge fund managing $500 million has different security needs than a regional bank with $10 billion in assets.

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Canton Network's guardrails operate at multiple levels. Institutions can restrict which addresses interact with their assets.

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The system also lets institutions create rules around smart contract execution. If a DeFi protocol looks sketchy or hasn't been audited, participants can block interactions with…

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Rooz points out that these tools reduce the likelihood of falling victim to attacks. But he's careful not to promise perfect security. No system is bulletproof.

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See also: DeFi Platforms Caught Between Security Demands and Decentralization Purists as Stolen Fund Freezes Split

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Canton Network continues working on additional security features. The company hasn't shared specific timelines or detailed plans for what's coming next.

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The network's approach aligns with what institutions actually want. They're not asking for permission to take wild risks.

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Different institutions have wildly different security requirements. A family office managing crypto for ultra-high-net-worth clients faces different threats than a pension fund…

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As more institutions explore DeFi, Canton Network's model might become standard. The emphasis on user-defined guardrails represents a shift away from platform-controlled security.

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