Digital Asset and American Idea pilot benefits on Canton network
Digital Asset and the American Idea Foundation plan a RISE pilot to use the Canton Network to combine and distribute state-administered benefits across three US states, expected to begin in the first quarter of 2027. The system would package multiple benefits into monthly or twice-monthly payments with category spending rules for food, child care and cash, automatically adjust benefit levels as household income changes, and let agencies track payments, balances, spending and compliance while limiting access to sensitive data. The pilots are subject to federal approval and participating states and specific programs were not disclosed.
A Canton-based pilot will combine state benefits starting in 2027.
Context
Digital Asset and the American Idea Foundation announced the RISE pilot to use Canton for benefit payments. Canton has recently been used in finance projects like tokenized bonds and a US Treasury trade. The pilot needs federal approval…
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