CredShields, a full-stack security company that provides both blockchain and traditional security services, has been confirmed as an official Audit Partner of the Canton Network.
CredShields says its capabilities include smart contract auditing, AI-powered risk detection, and continuous monitoring. The firm highlighted its experience across Daml-based applications and its work to support enterprise and protocol security needs.
The Canton Network is presented as a public, permissionless blockchain developed with institutional finance as its primary use case. Canton reports that it processes more than $8 trillion in tokenised transaction volume each month and settles in excess of $350 billion in on-chain U.S. Treasuries every day. Those usage figures underscore the scale of activity Canton hosts and the institutional nature of transactions on its infrastructure.
According to the announcement, Canton’s architecture supports configurable, sub-transaction privacy controls that let each participant determine precisely which counterparties can view specific information. That model creates a security and audit environment the statement describes as technically demanding and distinct from more conventional public-chain contexts.
CredShields framed its role as providing security services purpose-built for Canton’s environment, calling out three core capabilities:
- Smart contract audits for Daml-based applications.
- AI-powered risk detection intended to surface vulnerabilities and threats specific to on-chain institutional assets.
- Continuous monitoring designed for the operational realities of the networks and assets Canton supports.
The announcement includes a quote attributed to Shashank, CredShields’ co-founder: "Institutional finance is moving on-chain at a pace most people haven’t registered yet. Canton is the infrastructure it’s moving onto. The security stakes are significant and that’s exactly the environment CredShields was built for."
In background material included with the announcement, CredShields is described as the author of the OWASP Smart Contract Top 10 and as having worked with tier-1 banks and other financial institutions. The firm’s stated mission is to enable enterprises and blockchain protocols to build, deploy, and scale systems securely.
The Canton Network is described in the same materials as the only public, permissionless blockchain designed specifically for institutional finance, combining privacy, compliance, and scalability. Governance of the network is said to be overseen by the Canton Foundation with participation from leading global financial institutions.
Additional details note that Canton is open-sourced, operates with a native token called Canton Coin, and supports decentralized governance and collaborative application development. The announcement frames Canton as an infrastructure link between blockchain capabilities and institutional finance.
For organisations developing on Daml or building within Canton, CredShields positions itself as a partner intended to help those builders address security requirements and deploy with confidence. The announcement provides a contact email for CredShields: [email protected].
Disclosure: Contact information for CredShields was included in the announcement. No additional claims beyond the company and network descriptions, quoted material, and reported usage figures were provided.