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Singapore-based Hydra X, a leading provider of end-to-end market infrastructure for digital and traditional financial markets for financial institutions, has announced the successful launch of the Sigma Value Token on the Canton Network, marking the first tokenized structured product to go live on the institutional-grade blockchain.
This milestone follows a strategic partnership between Hydra X and Canton Network, a purpose-built Layer 1 protocol designed to meet the compliance, privacy, and scalability needs of financial institutions.
“These types of structured investment opportunities are a great addition to the Canton Network ecosystem. Investors are looking for innovative ways to optimize yield and diversify their portfolios at the same time,” Georg Schneider, head of financial products at Digital Asset, the decentralized infrastructure that enables the Canton Network.
“Hydra X’s Sigma Value Token showcases how institutions can leverage the Canton Network to deliver compliant, scalable, and privacy-preserving financial innovations to the market,” Schneider added.
The Sigma Value Token, developed by Sigma Value in partnership with Hydra X, is a market-neutral, high-yield note designed for institutional and accredited investors, and offers steady returns independent of ETH price movements.
“The Sigma Value Token is just the beginning,” said Mark Tang, VP of client solutions at Hydra X. “We’re excited to deepen our collaboration with the Canton Network and introduce more tokenized products that reshape how capital markets operate.”
