DeFi Intel

Canton Network chain

Chain · PageRank 0.0157

Also known as: Canton blockchain

Source: ledgerinsights.com

Overview

Canton Network is a permissioned blockchain platform developed by Digital Asset. It uses the Daml smart contract language and the Canton protocol to enable privacy-preserving multi-party workflows. It is primarily used in financial services and enterprise applications where data confidentiality is required.

Within the DeFi Intel graph, Canton Network connects to 21 tracked entities, most strongly to Three Major Japanese Financial Institutions Tap Canton to Bring Government Bonds On-Chain, Tempo Onboards Visa, Stripe and Zodia Custody as Validators, Nomura, Mizuho, JSCC to trial tokenized collateral on Canton Network.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 21 total).

RelationConnected entityConfidence
mentionsThree Major Japanese Financial Institutions Tap Canton to Bring Government Bonds On-Chain95%
mentionsTempo Onboards Visa, Stripe and Zodia Custody as Validators95%
mentionsNomura, Mizuho, JSCC to trial tokenized collateral on Canton Network95%
mentionsVisa to join Canton Network as super validator - Ledger Insights - blockchain for enterprise95%
mentionsHSBC Completes Tokenized Deposit Pilot on Canton Network95%
mentionsWalletConnect Integrates with TradFi-Focused Chain Canton Network95%
mentionsS&P Dow Jones tokenizes Treasury index, but not for investing - yet - Ledger Insights - blockchain for enterprise95%
mentionsHSBC conducts tokenized deposit pilot on Canton Network, expands to US - Ledger Insights - blockchain for enterprise95%
integrates_withFireblocks90%
partnered_withJPMorgan90%

Frequently asked questions

What is Canton Network?

Canton Network is a permissioned blockchain platform developed by Digital Asset. It uses the Daml smart contract language and the Canton protocol to enable privacy-preserving multi-party workflows, primarily in financial services and enterprise applications.

Which companies are involved with Canton Network?

Visa is joining Canton Network as a super validator. Other validators include Tempo, Stripe, and Zodia Custody. HSBC has completed a tokenized deposit pilot on the network, and three major Japanese financial institutions—Nomura, Mizuho, and JSCC—are trialing tokenized collateral on Canton Network.

What are some use cases of Canton Network?

Canton Network is used for tokenizing assets such as a Treasury index by S&P Dow Jones, tokenized deposits by HSBC, and government bonds by three major Japanese financial institutions. It also supports integrations like WalletConnect for TradFi-focused applications.