Backing model
Every cETH token in circulation on the Canton Network is backed by an equivalent amount of ETH held in a dedicated Ethereum smart contract.
The reserve operates on a strict 1:1 model: for each cETH minted, one ETH is deposited into custody. When cETH is redeemed, the corresponding ETH is released from the reserve to the designated recipient address. No fractional reserves, no rehypothecation, no leverage.
Live verification
How to verify independently
Check the total cETH supply on the Canton Network
Query the Canton token registry API to retrieve the current total supply of cETH. The data shown on this page is fetched from the same public endpoint.
Verify the ETH reserve balance on Ethereum
Open the reserve address on Etherscan and confirm that the ETH balance is equal to or greater than the reported cETH supply. The reserve address is publicly accessible and auditable at any time.
Compare the two figures
If the ETH reserve balance matches or exceeds the cETH total supply, the backing is fully collateralized. Any discrepancy would indicate a shortfall — which should not occur under normal operating conditions.
Data sources
The information on this page is provided for transparency and independent verification. Reserve balances and supply data are sourced from public on-chain records and may be subject to propagation delays. This page does not constitute a formal audit or attestation. For questions regarding reserves or compliance, contact contact@ceth.network.