The Litecoin Foundation has signed a memorandum of understanding with digital asset technology company Greywick Digital to work on cLTC, a tokenized version of Litecoin aimed at institutional traders. According to the brief, the product is intended to connect to Canton Network. The network was launched by Digital Asset and is described as a privacy-enabled interoperable blockchain network built for financial institutions. The update was carried by Techub, citing Crypto Briefing. No launch date, issuance timeline, or additional product specifications were disclosed in the item.
The Litecoin Foundation has signed a memorandum of understanding with digital asset technology company Greywick Digital to jointly develop cLTC, according to Techub, which cited Crypto Briefing.
cLTC is described as a tokenized Litecoin product for institutional traders. The plan is for it to connect to Canton Network.
Canton Network was launched by Digital Asset and is positioned as a privacy-enabled interoperable blockchain network for financial institutions.
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