Enzyme Onyx and Enzyme Myso: A Brief Overview
Enzyme Onyx is the complete technical stack for issuing, structuring, and administering tokenized funds and financial instruments. Built for the innovators of modern markets, Onyx gives enterprises the freedom to create and manage fully tokenized strategies across any asset class, network, and financial system. From tokenized hedge funds, money market funds, and mutual funds to structured financial instruments, Onyx provides institutional-grade infrastructure covering the full lifecycle of a tokenized vehicle — including accounting, subscriptions, redemptions, NAV reporting, fee management, and investor onboarding — all delivered in a white-label environment that enterprises can deploy as their own.
Enzyme Myso is the premier protocol for creating, trading, and managing fully customizable on-chain options strategies. Myso enables issuers and trading firms to create and sell bespoke covered calls and cash-secured puts, settling on-chain either through its automated marketplace or over-the-counter. With deep cross-firm liquidity, non-custodial settlement, and a wide range of configurable parameters, from strike prices and expiries to auction mechanics and premium structures, Myso brings institutional-grade derivatives infrastructure entirely on-chain, eliminating counterparty risk and intermediary friction.
Until now, both protocols have operated exclusively within EVM-compatible environments. Going forward, they will be available as Canton-native applications as well, extending their reach to one of the most consequential institutional blockchain networks in the world.
From EVM to Multi-Chain: Why Canton, and Why Now
The decision to bring Enzyme Onyx and Myso to Canton is a deliberate strategic commitment — not simply a technical integration, but an alignment with the infrastructure we believe will define the normalization of blockchain in regulated financial markets.
Canton is designed as a network of networks, where each participating institution maintains its own sub-ledger while connecting with others via a shared synchronization layer enabling real-time settlement across multiple asset classes on a shared, interoperable infrastructure, without sacrificing privacy or control.
Unlike other approaches, Canton enforces visibility and authorization rules at the smart contract level, ensuring that parties can only see the portions of a transaction that apply to them. This architecture is built around the principle of data minimization — a requirement, not a preference, for regulated financial actors.
The institutions backing Canton speak to its trajectory: launched in 2023 by a consortium including BNP Paribas, Goldman Sachs, Deutsche Börse, CBOE, and Moody's, it was designed from the outset to modernize post-trade processes in global capital markets. Canton is not an experiment — it is becoming the reference network for institutional blockchain adoption.
For Enzyme, joining this ecosystem is a recognition that the normalization of on-chain financial markets will happen on infrastructure that institutional actors can trust and build upon with the confidence required by their regulatory obligations. Canton is that infrastructure.
Use Cases Unlocked on Canton : a step into modern financial market
By porting Enzyme Onyx and Myso natively to Canton, we are enabling two critical financial use cases to operate within this institutional-grade ecosystem for the first time.
Tokenized Funds supporting on-chain and off-chain asset classes, Natively on Canton
With Enzyme Onyx on Canton, fund managers will be able to deploy and operate fully tokenized investment funds directly within the Canton network with the flexibility to run strategies spanning on-chain assets such as cryptocurrencies, and off-chain asset classes including equities, fixed income, T-Bills, real estate, and beyond. This means fund vehicles, including their subscription logic, valuation mechanisms, allocation policies, and redemption flows, will benefit from Canton's privacy-preserving architecture, where sensitive portfolio data is visible only to the appropriate counterparties, while settlement and synchronization occur in real time across participants.
For fund administrators, institutional investors, and asset managers engaging with Canton's ecosystem of regulated participants, this represents a meaningful step toward a fully native on-chain fund infrastructure that meets the standards of professional capital markets.
Options Strategies : Calls and Puts, American and European options Natively on Canton
Enzyme Myso on Canton will bring structured derivatives to the network for the first time in a fully native and on-chain form. Institutions and sophisticated counterparties will be able to construct, issue, and settle Covered Calls and Cash-Secured Put options entirely within the Canton environment, with the privacy guarantees and atomic settlement finality that the network provides. This opens the door to on-chain derivatives infrastructure that does not compromise on confidentiality, counterparty controls, or regulatory compliance, making Myso a natural fit for the institutional actors and financial intermediaries who are building on Canton.
Our Commitment to EVM Remains Unwavering
Expanding to Canton does not represent a departure from our roots, it represents their natural extension. The EVM ecosystem remains Enzyme's historical home and a network in which we have deep, enduring confidence. The breadth of DeFi composability, the density of developer talent, and the maturity of EVM infrastructure continue to make it the most dynamic environment for decentralized finance. Enzyme Onyx and Myso will continue to evolve on EVM with the same level of dedication and ambition as always.
