diff --git a/modules/sdk-coin-canton/.gitignore b/modules/sdk-coin-canton/.gitignore
index 67ccce4c64..8ef89a38c9 100644
--- a/modules/sdk-coin-canton/.gitignore
+++ b/modules/sdk-coin-canton/.gitignore
@@ -1,3 +1,4 @@
 node_modules/
 .idea/
 dist/
+.DS_Store
diff --git a/modules/sdk-coin-canton/src/canton.ts b/modules/sdk-coin-canton/src/canton.ts
index 9600a3b3e1..a7c88d65ec 100644
--- a/modules/sdk-coin-canton/src/canton.ts
+++ b/modules/sdk-coin-canton/src/canton.ts
@@ -10,11 +10,13 @@ import {
   ParseTransactionOptions,
   SignedTransaction,
   SignTransactionOptions,
-  VerifyAddressOptions,
+  TransactionType,
+  TssVerifyAddressOptions,
   VerifyTransactionOptions,
 } from '@bitgo/sdk-core';
 import { auditEddsaPrivateKey } from '@bitgo/sdk-lib-mpc';
-import { BaseCoin as StaticsBaseCoin } from '@bitgo/statics';
+import { BaseCoin as StaticsBaseCoin, coins } from '@bitgo/statics';
+import { TransactionBuilderFactory } from './lib';
 import { KeyPair as CantonKeyPair } from './lib/keyPair';
 import utils from './lib/utils';
 
@@ -70,12 +72,29 @@ export class Canton extends BaseCoin {
   }
 
   /** @inheritDoc */
-  verifyTransaction(params: VerifyTransactionOptions): Promise<boolean> {
-    throw new Error('Method not implemented.');
+  async verifyTransaction(params: VerifyTransactionOptions): Promise<boolean> {
+    const coinConfig = coins.get(this.getChain());
+    // extract `txParams` when verifying other transaction types
+    const { txPrebuild: txPrebuild } = params;
+    const rawTx = txPrebuild.txHex;
+    if (!rawTx) {
+      throw new Error('missing required tx prebuild property txHex');
+    }
+    const txBuilder = new TransactionBuilderFactory(coinConfig).from(rawTx);
+    const transaction = txBuilder.transaction;
+    switch (transaction.type) {
+      case TransactionType.WalletInitialization: {
+        // there is no input for this type of transaction, so always return true
+        return true;
+      }
+      default: {
+        throw new Error(`unknown transaction type, ${transaction.type}`);
+      }
+    }
   }
 
   /** @inheritDoc */
-  isWalletAddress(params: VerifyAddressOptions): Promise<boolean> {
+  isWalletAddress(params: TssVerifyAddressOptions): Promise<boolean> {
     throw new Error('Method not implemented.');
   }
 
@@ -104,7 +123,9 @@ export class Canton extends BaseCoin {
 
   /** @inheritDoc */
   isValidAddress(address: string): boolean {
-    throw new Error('Method not implemented.');
+    // canton addresses are of the form, partyHint::fingerprint
+    // where partyHint is of length 5 and fingerprint is 68 characters long
+    return utils.isValidAddress(address);
   }
 
   /** @inheritDoc */
diff --git a/modules/sdk-coin-canton/src/lib/transactionBuilder.ts b/modules/sdk-coin-canton/src/lib/transactionBuilder.ts
index 6f6a965334..8b635f05af 100644
--- a/modules/sdk-coin-canton/src/lib/transactionBuilder.ts
+++ b/modules/sdk-coin-canton/src/lib/transactionBuilder.ts
@@ -27,7 +27,7 @@ export abstract class TransactionBuilder extends BaseTransactionBuilder {
   protected abstract get transactionType(): TransactionType;
 
   /** @inheritdoc */
-  protected get transaction(): Transaction {
+  get transaction(): Transaction {
     return this._transaction;
   }
 
diff --git a/modules/sdk-coin-canton/src/lib/utils.ts b/modules/sdk-coin-canton/src/lib/utils.ts
index 3ab062d8e0..58050e9df8 100644
--- a/modules/sdk-coin-canton/src/lib/utils.ts
+++ b/modules/sdk-coin-canton/src/lib/utils.ts
@@ -12,7 +12,10 @@ import { RecordField } from './resourcesInterface';
 export class Utils implements BaseUtils {
   /** @inheritdoc */
   isValidAddress(address: string): boolean {
-    throw new Error('Method not implemented.');
+    if (!address || address.trim() === '') return false;
+    const [partyHint, fingerprint] = address.trim().split('::');
+    if (!partyHint || !fingerprint) return false;
+    return partyHint.length === 5 && this.isValidCantonHex(fingerprint);
   }
 
   /** @inheritdoc */
@@ -40,6 +43,16 @@ export class Utils implements BaseUtils {
     throw new Error('Method not implemented.');
   }
 
+  /**
+   * Method to validate the input is a valid canton hex string
+   * @param {String} value the hex string value
+   * @returns {Boolean} true if valid
+   */
+  isValidCantonHex(value: string): boolean {
+    const regex = /^[a-fA-F0-9]{68}$/;
+    return regex.test(value);
+  }
+
   /**
    * Method to create fingerprint (part of the canton partyId) from public key
    * @param {String} publicKey the public key
diff --git a/modules/sdk-coin-canton/test/resources.ts b/modules/sdk-coin-canton/test/resources.ts
index b513d65356..d894b96fcf 100644
--- a/modules/sdk-coin-canton/test/resources.ts
+++ b/modules/sdk-coin-canton/test/resources.ts
@@ -59,3 +59,13 @@ export const InvalidOneStepPreApprovalPrepareResponse = {
   hashingSchemeVersion: 'HASHING_SCHEME_VERSION_V2',
   hashingDetails: null,
 };
+
+export const CANTON_ADDRESSES = {
+  VALID_ADDRESS: '12205::12205b4e3537a95126d90604592344d8ad3c3ddccda4f79901954280ee19c576714d',
+  // party hint is not 5 characters
+  INVALID_PARTY_HINT: '123456::12205b4e3537a95126d90604592344d8ad3c3ddccda4f79901954280ee19c576714d',
+  // fingerprint is not a valid hex value
+  INVALID_FINGERPRINT: '12205::12205b4e3537a95126d9060459234gd8ad3c3ddccda4f79901954280ee19c576714d',
+  MISSING_PARTY_HINT: '::12205b4e3537a95126d9060459234gd8ad3c3ddccda4f79901954280ee19c576714d',
+  MISSING_FINGERPRINT: '12205::',
+};
diff --git a/modules/sdk-coin-canton/test/unit/utils.ts b/modules/sdk-coin-canton/test/unit/utils.ts
index 57ce0c0a48..32ce645f53 100644
--- a/modules/sdk-coin-canton/test/unit/utils.ts
+++ b/modules/sdk-coin-canton/test/unit/utils.ts
@@ -1,7 +1,12 @@
 import assert from 'assert';
 import should from 'should';
 import utils from '../../src/lib/utils';
-import { GenerateTopologyResponse, PreparedTransactionRawData, PrepareSubmissionResponse } from '../resources';
+import {
+  CANTON_ADDRESSES,
+  GenerateTopologyResponse,
+  PreparedTransactionRawData,
+  PrepareSubmissionResponse,
+} from '../resources';
 
 describe('Canton Util', function () {
   describe('Raw transaction parser', function () {
@@ -31,4 +36,36 @@ describe('Canton Util', function () {
       assert.strictEqual(computedHash, PrepareSubmissionResponse.preparedTransactionHash);
     });
   });
+
+  describe('Check if the address is valid', function () {
+    it('should return true when the address is valid', function () {
+      const isValid = utils.isValidAddress(CANTON_ADDRESSES.VALID_ADDRESS);
+      should.exist(isValid);
+      assert.strictEqual(isValid, true);
+    });
+
+    it('should return false when party hint is invalid', function () {
+      const isValid = utils.isValidAddress(CANTON_ADDRESSES.INVALID_PARTY_HINT);
+      should.exist(isValid);
+      assert.strictEqual(isValid, false);
+    });
+
+    it('should return false when fingerprint is invalid', function () {
+      const isValid = utils.isValidAddress(CANTON_ADDRESSES.INVALID_FINGERPRINT);
+      should.exist(isValid);
+      assert.strictEqual(isValid, false);
+    });
+
+    it('should return false when party hint is missing', function () {
+      const isValid = utils.isValidAddress(CANTON_ADDRESSES.MISSING_PARTY_HINT);
+      should.exist(isValid);
+      assert.strictEqual(isValid, false);
+    });
+
+    it('should return false when fingerprint is missing', function () {
+      const isValid = utils.isValidAddress(CANTON_ADDRESSES.MISSING_FINGERPRINT);
+      should.exist(isValid);
+      assert.strictEqual(isValid, false);
+    });
+  });
 });