New York, NY – September 24th, 2025
Kaiko, the global independent leader in digital asset market data, analytics, indices, and pricing data, today announced the launch of the first pricing application for portfolios on Canton, as part of a larger suite of customizable, data-driven applications on the network.
This launch marks a new milestone in Kaiko’s data infrastructure roadmap, after the delivery of the Data On-Ramp and Off-Ramp services, providing a range of bespoke, workflow-oriented solutions. The Independent Pricing application is the first of many such applications Kaiko will deliver to solve specific, high-value industry challenges on Canton, the financial industry’s leading privacy-preserving interoperable blockchain network.
Many funds and brokers operate with established workflows that involve sequential reporting and reconciliation processes. In the case of 5North and QCP, the existing workflow involved QCP reporting executed operations to the fund, with these reports then shared with a fund administrator for reconciliation. While this approach has served the industry well, it presents opportunities for enhanced efficiency, real-time visibility, and streamlined auditability that digital infrastructure can now deliver.
Kaiko’s Independent Pricing application transforms this model by digitizing the entire multi-party workflow on Canton Network. The application enables real-time collaboration where QCP submits proposed inventory changes, 5North reviews and approves them asynchronously, and QCP then confirms executed trades – all creating an immutable audit trail that regulators can access in real-time.
Specifically:
- Proposal: QCP, as the broker, submits proposed changes to the fund’s inventory directly on the application, that may or may not have been pre-agreed.
- Approval: 5North, as the fund owner, reviews and agrees to or rejects the proposed changes asynchronously.
- Confirmation: Following approval, QCP executes the trade on external venues and then confirms the executed operation within the application, creating an immutable record of the booked trade.
Each step is immutably logged on the network, creating a golden source of truth that enables real-time audits by fund administrators and regulators, reducing compliance costs and demonstrating adherence to fund management regulations. The application is underpinned by Kaiko’s role as a regulated calculation agent, providing independent hourly pricing across the fund’s entire inventory—from spot crypto and derivatives to complex structured products—ensuring all parties work from consistent, rigorously calculated valuations.
““With the launch of our application suite, we are moving into a new phase of integrated, workflow-driven solutions,” said Ambre Soubiran, CEO of Kaiko. “The Independent Pricing app is the perfect flagship for this suite. It demonstrates how we can combine our robust data infrastructure with the power of the Canton Network to solve tangible business problems. We are replacing less efficient operating models with a fully auditable, real-time, and collaborative environment. This is the tangible efficiency the industry has been promised by blockchain technology for years, and we are proud to be delivering it today.“
This initial application demonstrates the blueprint for Kaiko’s new suite. The core combination of sophisticated inventory management and rigorous, independent pricing can be customized to create a range of tailored solutions for use cases including the management of corporate balance sheets, collateral vaults, trusts, and other multi-asset portfolios. Kaiko’s philosophy is to replicate the user’s existing business workflows, providing a seamless digital experience rather than forcing them to adapt to a rigid tool.
“Operational efficiency and regulatory integrity are two sides of the same coin. This application allows us to eliminate manual processes, reduce operational risk and serve clients with greater speed and transparency,” said Melvin Deng, CEO at QCP. “By creating a single, verifiable log of all confirmed activity, we operate faster and safer, simultaneously enhancing both our client experience and our compliance posture.“
Yiannis Varelas, Founder at Five North added, “This application streamlines our reporting and operational workflow, significantly reducing the risk of manual errors and cutting down reconciliation times. It allows us to provide a higher level of service to our clients and focus on execution rather than administration.“
Furthermore, the application is future-proofed for an on-chain world. Should an asset within the vault, or the fund itself, be tokenized on Canton, the digital twin could be integrated to automate post-operation processes, seamlessly linking the digital record with the tokenized asset.
About Kaiko:
Kaiko is the global independent leader in digital asset market data, analytics, indices, and pricing for institutional investors, financial services firms, and regulators. Kaiko provides the foundational data infrastructure that bridges traditional finance and on-chain capital markets through regulatory-compliant and auditable data. For over 10 years, Kaiko has delivered the trusted, transparent, and actionable financial data that institutions need to navigate both centralized and decentralized digital asset markets.
About 5North:
5North is a fund deploying long-term capital into the Canton network ecosystem, backing infrastructure, primitives, and middleware that enable regulated, enterprise-grade adoption of digital assets, with a focus on utility, compliance, and scale.
About QCP Capital:
Established in 2017, QCP is a global leading digital asset partner, operating specialized entities to address the dynamic needs of the digital economy. We provide tailored solutions across derivatives, spot trading, and structured products to institutional, professional, and accredited investors. Each QCP entity brings industry-leading knowledge and operational excellence, supported by a team of experts in trading, business development, risk, and compliance.
About The Canton Network:
The Canton Network is the only public, permissionless blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Canton Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development.
