About

Canton Network is a public blockchain platform for financial institutions, enabling tokenized asset management and smart contract execution. It provides secure, privacy-preserving transaction infrastructure, connecting disparate financial systems for real-time data and value exchange, governed by the Global Synchronizer Foundation.

History

In 2023, Canton Network was announced as a new institutional-grade blockchain, purpose-built for regulated capital markets, privacy, and interoperability. The foundation and neutral governance body were established to ensure compliance and open development.

In 2024, major banks and fintechs including Goldman Sachs, BNY Mellon, and Cboe Global Markets began testing tokenized assets, on-chain repo, derivatives, and digital custody using the Canton protocol. By July 2024, Bitwave also joined Global Synchronizer Foundation, enabling financial institutions utilizing the network to leverage audit-ready digital asset finance platform to track and price Canton Coin transactions.

In September 2024, The Depository Trust & Clearing Corporation (DTCC) and Digital Asset completed a pilot called the UST Collateral Network, focused on using DLT to tokenize U.S. Treasuries (USTs) for collateral purposes.

By October 2024, Euroclear and Digital Asset collaborated on a pilot project to tokenize three asset classes - UK gilts, Eurobonds, and gold. Furthermore, October also saw Novaprime's emergence as a AI-Powered Loan Quality Platform, powered by Canton Network, allowing lenders to sell loans quickly, with high confidence and improved customer experience.

In November 2024, UK Chancellor Rachel Reeves announced a pilot program to issue digital gilts using blockchain technology, with the goal of modernize the 2.5T GBP Gilt market through the Canton Network.

In January 2025, Circle announced planned native USDC support on the network, enabling private transactions and the use of USDC and USYC in TradFi markets.

By March 2025, Goldman Sachs, Hong Kong FMI Services, and Moody’s Ratings have joined the Canton Network’s Global Synchronizer Foundation, reflecting the growing adoption of tokenized assets and decentralized financial infrastructure in the financial services industry.

In April 2025, Project Promissa was developed and tested with central banks, ministries of finance, and MDBs, aimed at modernizing how multilateral development banks (MDBs) manage financial commitments.

In May 2025, Novaprime and Tradeweb collaborated to enhance mortgage trading platforms, leveraging the Canton Network.

In August 2025, major financial institutions executed a US Treasury repo trade on a Saturday using blockchain. The deal was carried out on the Canton Network through Tradeweb.

In October 2025, Zerohash enabled Canton Network infrastructure to its global client base, allowing its partners to issue tokenized assets directly on the Canton blockchain.