Meritz deal on October 15: What it means for the Canton price

Published on 10/27/2026 at 18:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The MoU covers 3 tokenization areas in South Korea. The Canton price is 0.09660 USD on October 27, 2026, down 4.38 percent.

Tokenization and fee burn

A strategic memorandum dated October 15, 2026, links Canton Foundation and Meritz Securities on Korean asset tokenization.
The partners are examining 3 areas, including domestic assets, privacy-focused infrastructure and cross-border collateral uses.
The Canton price stands at 0.09660 USD as of October 27, 2026, -4.38 percent below the UTC daily close of October 26, 2026.
Universal Burn is targeted for the first quarter of 2027, according to the proposal's roadmap.

Canton, XC0CRYPTOCC0, Illustration mit AI erstellt.

Canton (CC) is linked to a strategic memorandum with Meritz Securities dated October 15, 2026, covering the tokenization of Korean financial assets and cross-border digital asset uses. The Canton price is 0.09660 USD as of October 27, 2026, down 4.38 percent compared with the UTC daily close of October 26, 2026, according to Investing.com.

Meritz agreement covers three areas

Bitcoin.com News reported on October 15, 2026, that the Canton Foundation and South Korean brokerage Meritz Securities signed the memorandum. The agreement covers domestic financial asset tokenization, an assessment of Canton's privacy-enabled infrastructure for institutional markets and cross-border applications involving sovereign-grade debt.

The arrangement is exploratory rather than a completed deployment. The Paypers said on October 16, 2026, that the partners will examine Korean asset tokenization, possible institutional collateral uses and cross-border activity within South Korea's developing regulatory framework.

Universal Burn is targeted for 2027

Canton's token economics also changed on October 21, 2026, when Super Validators approved proposal CIP-0129. The Canton Foundation said through Canton Foundation that Universal Burn is coming to the network, with a live discussion scheduled for October 26, 2026.

Under the proposal, dedicated synchronizers, which are network environments that process traffic for institutions, will burn CC for network traffic instead of paying software license fees. Pluang reported on October 24, 2026, that implementation is planned for the first quarter of 2027 and that the proposal includes a USD 60 per megabyte burn rate.

Q3 fees reached 155.36 million USD

Canton recorded 155.36 million USD in fees during the third quarter of 2026, according to Altcoin Buzz. The report, citing CertiK data dated October 12, 2026, said the network ranked first in its comparison and recorded a median daily fee figure of 1.71 million USD.

The same report distinguishes recorded fee-related token burns from network revenue and says newly minted rewards are excluded from the total. CryptoTicker reported on October 24, 2026, that the network currently mints twice as many CC as it burns, making the first-quarter 2027 rollout a change in fee treatment rather than an immediate supply reversal.

CC trades at 0.09660 USD

According to Investing.com, Canton trades at 0.09660 USD as of October 27, 2026, down 4.38 percent compared with the UTC daily close of October 26, 2026. The daily high is 0.10167 USD and the daily low is 0.09588 USD. Market capitalization is 3.87 billion USD, ranking Canton 25th, while 24-hour volume is 13.38 million USD and circulating supply is 39.94 billion CC.