Digital Asset, alongside several traditional financial firms and technology giants, are partnering to launch Canton Network — a privacy-enabled blockchain network designed for institutional assets.
According to a May 9 press statement, the new network would be launched in July when the network participants — which include the likes of Goldman Sachs, Cumberland, S&P Global, SBI Digital Asset Holdings, Umbrage, Microsoft, Paxos, Deloitte, CBOE, and others — would test its interoperability capabilities across a range of applications and use cases.
With Canton Network’s design, traditional financial institutions can offer users new innovative products and experience a safer and reconciliation-free environment where assets, data, and cash can synchronize freely across applications.
“[Canton Network] creates a ‘network of networks’, allowing previously siloed systems in financial markets to interoperate with the appropriate governance, privacy, permissioning and control
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