Canton $CC price targets based on burn fundamentals and institutional adoption: 12 months: $0.40-$1.00 18-24 months: $1.00-$5.00+ The math: Current price: ~$0.16. Market cap: ~$6B. Annual CC burns: ~$916M, permanently removing 14.3% of circulating supply every year. Current burn multiple: ~6.5x, meaning the market is pricing in almost zero growth. $CC underwent a double halving in January 2026, cutting total block issuance in half and reducing Super Validator rewards from 48% to 20%, redirecting emissions toward validators and application builders. Burns have tripled in four months from ~5M to ~15M daily. Burn/mint ratio has gone parabolic, from 0.1-0.2 for most of 2025 to nearly 0.7 today. Deflationary crossover, where burns exceed mints, is approaching before DTCC even launches. DTCC is co-chairing Canton’s Foundation and targeting production for Treasury tokenization in 2026. Goldman, JPMorgan, BNP Paribas, and Nasdaq run Super Validators. Broadridge processes $350B+/day through Canton infrastructure. 39 institutional validators total, all economically aligned to drive usage. If burns reach $3-5B annually as these institutions scale, at a 15-20x multiple you’re looking at $45-100B, or $1.19-$2.64 per CC. And that’s before accounting for the deflationary supply compression or speculation amplifying the move. $6B market cap for the settlement layer these institutions are actively building on.