Rho Labs, developer of Rho X, the pioneering cryptonative interest rates market, announces the launch of Rho Relay as part of its path toward becoming a universal institutional trading venue for crypto-native rates, settlement, and cross-chain execution. Rho Relay gives EVM-side market participants the first native DeFi route to access and trade Canton Coin (CC) without routing through a centralized exchange, while positioning Canton as a private settlement layer for cross-chain trading across assets and networks.
Built for the next phase of crypto market structure, Rho Relay is designed to be more than a conventional bridge or swap interface. It brings private RFQ-based execution to the intersection of EVM markets and Canton, combining no AMM-style slippage, atomic settlement, and full auditable privacy.
Rho Relay also gives the Canton ecosystem a new route for external DeFi activity. Instead of relying on fragmented bridges, centralized venues, or isolated liquidity paths, EVM users and routing partners can reach Canton through a private settlement layer designed for cross-chain markets. As more chains and integrations are added, the number of available settlement routes can grow with the network.
“Rho Relay turns Canton into a native settlement destination for DeFi flow,” said Alex Ryvkin, Founder and CEO of Rho Labs. “It brings private, auditable execution to a market where users should be able to access Canton Coin directly, without routing through centralized venues or sacrificing settlement quality.”
At a time when Canton is drawing growing attention from crypto-native traders and institutions, Rho Relay gives the network a clearer DeFi entry point. The launch marks an expansion of Rho Labs’ focus beyond cryptonative rates and into Canton-native market infrastructure, bringing its execution and settlement expertise to a market where privacy, auditability, and capital efficiency are core requirements.
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