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Algorithm Analysis: CertiK
CertiK is a well-funded, publicly identifiable security firm with named founders and executives, a New York HQ, and about $296M raised from top-tier investors. On Canton it has delivered concrete, verifiable work: audits of Circle's xReserve/USDCx integration and the Digital Asset Registry, penetration testing, and CIP-56 ecosystem engagement with multiple named teams. Documentation is a strength in the detailed description and published CIP-56 guide, though there is no dedicated docs site, whitepaper, or app URL listed.
Last analyzed: Oct 29, 2026
CertiK on Canton
Audited Digital Asset's xReserve and Registry contracts behind USDCx on Canton, tested their off-chain systems and reviews CIP-56 token implementations
About CertiK
CertiK is a New York-based Web3 and blockchain security firm founded in 2018 by computer science professors Zhong Shao of Yale and Ronghui Gu of Columbia, with about 210 employees and roughly $296 million raised from investors including Insight Partners, Tiger Global, Sequoia, Coatue, Advent International, Goldman Sachs, Lightspeed and SoftBank Vision Fund 2, at a $2 billion valuation set in 2022. Its products include smart contract audits, penetration testing, the Skynet security monitoring platform, KYC services and a Security Leaderboard. On Canton, CertiK audited the Daml smart contracts and off-chain components that implement Circle's xReserve integration, which mints the USDCx stablecoin, along with the whole Digital Asset Registry, with that work completed in December 2025, and ran penetration testing of the off-chain application and infrastructure behind USDCx. It completed a further audit of the Digital Asset Registry's on-chain and off-chain components in July 2026, with the final report delivered on August 13, 2026. CertiK also works with teams targeting CIP-56 compatibility, including USDCx, Temple, Interstice-digital, Cancore and Eesee, and published a guide to where CIP-56 security actually lives, explaining how Daml views, choices, factories, client-side construction and operational permissions determine the security of CIP-56 assets. It tracks the Canton Network Token Standard as it evolves, including CIP-0112 (Token Standard V2), approved on June 12, 2026.
Features
What the product does
xReserve and USDCx audit
Audited the Daml contracts and off-chain components behind Circle's xReserve integration that mints USDCx on Canton, completed in December 2025.
Digital Asset Registry audit
Audited the Registry's on-chain and off-chain components, with the final report delivered on August 13, 2026.
Canton asset security guide
Explains how Daml views, choices, factories and permissions determine the security of CIP-56 assets.
KYC and Security Leaderboard
Offers team verification and a public security ranking alongside its audits.






