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Hydra X

Hydra X

Live
Exchange89

Compliant digital capital markets infrastructure on Canton

Upvotes

338

Views

2,889

Score

89

Rank Score

#36

Rank Upvote

#456

Rewards

177.30M CC

as of 22 Jun 2026 · ~$17.07M at today's price

Nodes

3

Rank Rewards

#12

as of 22 Jun 2026

Algorithm Analysis: Hydra X

89/100
Activity65/100
Maturity66/100
Community51/100
Transparency52/100
Documentation42/100

Hydra X is a MAS-regulated Singapore entity (Hydra X Pte. Ltd.) with a live product and strong Canton footprint: two validators with 24.6M CC in rewards and a featured app with 152.7M CC. It has shipped notable firsts on Canton, including the Sigma Value Token structured product and APAC licensed Canton Coin custody. Documentation and named team details are thin, but the description and key features are substantive, and $18.8M in funding supports its maturity.

Last analyzed: Oct 29, 2026

OverviewFeaturesOn-chainFAQConnectedNewsRelated

Hydra X on Canton

MAS-regulated SG market infra. First APAC licensed custodian for Canton Coin. Launched Sigma Value Token (Apr 17 2025) — first structured product on Canton with Sigma Value + Digital Asset.

About Hydra X

Hydra X provides end-to-end market infrastructure for digital and traditional financial markets. Regulated by the Monetary Authority of Singapore, Hydra X operates as a builder, validator, and custodian on Canton Network.

Features

What the product does

First Structured Product on Canton

Launched the Sigma Value Token, the first tokenized structured product on the Canton Network

Multi-License Regulatory Framework

Holds broker, exchange, and custody licenses regulated by MAS and other jurisdictions

Canton Coin Custody

First licensed custodian in APAC to provide custody for Canton Coin

End-to-End Infrastructure

Provides complete digital capital markets stack from issuance to trading to settlement

Hydra X On-chain

Validator nodes + featured apps linked to this project
Lifetime totals as of 22 Jun 2026 (round 101,404)

2 Validators
hydrax-v…c5ebee+1 more
24.64M CC~$2.37M at today's price
1 Featured App
931f692d…c5ebee
152.66M CC~$14.70M at today's price
Total rewards
177.30M CC
~$17.07M at today's price

Hydra X FAQ

The Sigma Value Token is the first tokenized structured product launched on the Canton Network, created through the partnership between Hydra X and Canton Network.
Yes, Hydra X is regulated by the Monetary Authority of Singapore (MAS) and operates with licenses for brokerage, exchange, and custody services.
Hydra X serves as a builder, validator, and custodian on Canton Network, providing tokenization, trading, and custody infrastructure for institutional participants.

Connected Projects

Hydra X is a strategic infrastructure partner of Canton Network through a multi-pronged engagement. First, it became the first licensed APAC custodian for Canton Coin, providing MAS-regulated safekeeping for the utility token used to pay Canton traffic fees and incentivize ecosystem development. Second, in partnership with Digital Asset and Sigma Value, Hydra X launched the Sigma Value Token on April 17, 2025, the first tokenized structured product to go live on Canton Network, a market-neutral, high-yield note for institutional and accredited investors. Mark Tang, VP of Client Solutions at Hydra X, represented the firm on Canton Buildcast Ep. 6 alongside Digital Asset Georg Schneider (Head of Financial Products).