TL;DR
- Canton Network brought together banks, asset managers, and blockchain companies in New York to discuss institutional adoption.
- More than 650 firms have connected to Canton over the past two years. Broadridge processes more than $300 billion daily.
- Transaction privacy, regulatory compliance, and interoperability were among the main topics discussed at the summit.
Canton Network shared the main takeaways from its summit in New York, where representatives from traditional finance and the blockchain industry discussed the requirements for moving institutional operations onto decentralized networks.
The event brought together representatives from Goldman Sachs, JPMorgan, Nasdaq, HSBC, DTCC, and Franklin Templeton, alongside crypto companies such as Anchorage Digital, Bullish, and Copper.
According to Digital Asset, the developer behind Canton, more than 650 firms have connected to the network over the past two years. The company also highlighted that Broadridge settles more than $300 billion in U.S. Treasury repurchase transactions daily using this infrastructure.
Canton Prioritizes Privacy and Institutional Control
One of the summit’s main topics was the need to protect financial information while retaining the benefits of blockchain technology.
Yuval Rooz, co-founder and CEO of Digital Asset, explained that institutions need privacy, governance mechanisms, and predictable operating costs to move their activities onto blockchain networks.
Canton allows institutions to control who can access transaction data while incorporating safeguards designed to meet regulatory requirements.
Attendees also discussed the importance of programmable financial data that can be shared across applications without compromising transaction confidentiality.
Continuous Settlement and Tokenized Assets
The summit also examined the development of markets capable of operating 24/7, with collateral transfers and settlements no longer restricted by traditional trading hours.
Use cases discussed included tokenized deposits, cross-border payments, and the use of stablecoins to purchase tokenized U.S. Treasury securities.
DTCC is working to bring U.S. Treasuries and equities onto Canton, while other financial institutions are developing applications for trading and settlement on the network.
Participants also discussed interoperability between systems and the use of artificial intelligence agents to manage corporate liquidity, execute payments, and oversee treasury investments.
