Canton Network

Regulated financial institutions require privacy, workflow control, and operational resilience at the infrastructure level. Canton Network was built around those requirements. VirtusLab has published an in-depth analysis covering Canton's architecture, building with Daml, and the engineering behind live protocol upgrades. Read the full article.

Canton Network 𝐖𝐞𝐞𝐤𝐥𝐲 𝐑𝐞𝐜𝐚𝐩 — here’s what you might have missed last week ↓ Native sovereign collateral entering repo. Vanguard + Wellington Management testing tokenized collateral. More digital cash. Credit + trading infrastructure connecting. Here are the developments from August 24–30 that caught my attention: 🏦 𝐍𝐚𝐭𝐢𝐯𝐞 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬 𝐚𝐫𝐞 𝐛𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐚𝐛𝐥𝐞 Virtu Financial, Tradeweb and M1X Global completed the first known fully onchain repo using a natively issued sovereign digital bond as collateral. USDM1 itself is the sovereign security, backed 1:1 by short-dated U.S. Treasuries. Securities delivery, cash settlement and repurchase all settled atomically on Canton in under 10 minutes. 𝐓𝐡𝐞 𝐬𝐡��𝐟𝐭 𝐢𝐬𝐧’𝐭 𝐣𝐮𝐬𝐭 𝐛𝐫𝐢𝐧𝐠𝐢𝐧𝐠 𝐚𝐬𝐬𝐞𝐭𝐬 𝐨𝐧𝐜𝐡𝐚𝐢𝐧. 𝐈𝐭’𝐬 𝐦𝐚𝐤𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐚𝐛𝐥𝐞. 🏛️ 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐞𝐝 𝐜𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥 𝐦𝐞𝐞𝐭𝐬 𝐞𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐰𝐨𝐫𝐤𝐟𝐥𝐨𝐰𝐬 Vanguard and Wellington Management completed tokenized collateral test trades on Canton. Money market fund tokens moved wallet-to-wallet and settled in real time, while Nasdaq's Calypso handled the existing margin and collateral workflows around them. New rails, without rebuilding the entire institutional stack. 💵 𝐌𝐨𝐫𝐞 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐜𝐚𝐬𝐡 + 𝐜𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥 World Liberty Financial launched USD1 natively on Canton, creating another cash leg for settlement, lending, derivatives collateral and tokenized asset issuance. Circle also applied for Featured App status for USYC, its tokenized money-market fund already live on Canton. 💳 𝐂𝐫𝐞𝐝𝐢𝐭 𝐢𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐨 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 Alpend from Palladium Labs completed its Halborn audit and integrated Temple Digital Group’s order books to support collateral sales during liquidations. Meanwhile, Cenote is becoming Kintsu Capital Markets, expanding into confidential credit and programmable infrastructure for tokenized assets. 📈 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐤𝐞𝐞𝐩𝐬 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 Cantex from CaviarNine Limited passed $200M in cumulative volume and launched Cantex Connect, opening 100+ trading pairs to compatible Canton wallets without dedicated integrations. Kora launched v2 with private spot order book + RFQ execution, while both Kora and Temple received DvP treatment for qualifying atomic multi-asset transactions. 💱 𝐌𝐨𝐫𝐞 𝐮𝐭𝐢𝐥𝐢𝐭𝐲 𝐟𝐨𝐫 𝐂𝐂 Canborsa added CC as collateral for perpetual trading, while Console Wallet launched the first Visa card allowing users to spend CC through Apple Pay or Google Pay. And that's the bigger takeaway from this week: 𝐂𝐚𝐧𝐭𝐨𝐧’𝐬 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐭𝐨 𝐜𝐨𝐧𝐧𝐞𝐜𝐭. assets → money → liquidity → credit → collateral → settlement. The infrastructure is increasingly there. The next challenge is bringing the capital and activity to turn it into deep financial markets. See you next Monday. 🫡

Ekiden has been built on Canton Network brick by brick, alongside an ecosystem that is still defining what institutional onchain markets can look like. As the first CLOB-based derivatives exchange on the network, we have been early across much of that path: building exchange infrastructure around Canton identities, connecting professional market makers, operating our own validator, developing trading and settlement flows, and creating tooling around the exchange as the ecosystem itself expands. There was no established blueprint for a large order book exchange on Canton when we started. The architecture and integrations we are putting in place now are part of the foundation that future trading applications on the network will be able to build from. We came to Canton early because we believe institutional markets will increasingly move onchain. Ekiden is being built to provide the trading layer for that market.

Digital Asset has been named among FinTech Magazine's Top 10 Digital Asset Platforms, recognizing the infrastructure institutions rely on to bring tokenized assets, collateral, and settlement onchain. Digital Asset created Daml, the smart contract language now used across institutional finance, and built Canton Network, a privacy-enabled public blockchain designed specifically for tokenizing real-world institutional assets. By enabling atomic transactions across independent systems while maintaining compliance and confidentiality, Canton allows institutions to bring tokenized assets into production within regulated markets. Read the full ranking: https://lnkd.in/eYJCYyW7

In a recent article from Markets Media, Vanguard and Wellington Management shared how they are using the Canton Network and Nasdaq Calypso to complete tokenized collateral trades.   According to Nasdaq, 25% of collateral is tied up in corrective and non-interest-bearing measures, with the average Tier 1 bank holding more than $35 billion in idle capital. The transactions highlight the growing role of how tokenization can help improve collateral efficiency and mobility.   Read more: https://lnkd.in/g7VfRaZb  

Institutional interest in tokenization is high, while adoption itself remains early. Closing that gap means integrating digital asset rails into the interfaces institutions already use. In conversation with Henri Arslanian, Yuval Rooz frames tokenization's opportunity around making capital markets more efficient, extending well beyond crypto trading. They also dive into privacy as core infrastructure for institutional adoption and the regulatory challenges around zero-knowledge proofs. Watch the latest episode of The Future of Money Podcast here: https://lnkd.in/gtcNz5jV

Another weekly Canton Network through my... institutional lens let's say! 👇 📊 CatalyX by IntellectEU x Noves integration went live. Noves Data App is now available to the 100+ Canton validators running on CatalyX Blockchain Manager. Recon, reporting, audit, monitoring, in the validator's own environment. 💵 World Liberty Financial's USD1 is now issued natively on Canton Network. Real-world stablecoin, primary issuance, privacy-enabled institutional chain. 🤖 FTP Tech's x402 on Canton crossed 265,000+ settled payments and 3,000+ paying AI agents. Agent-to-merchant payments as a working system, not a slide. 🕸️ Edge & Node joined Canton Foundation as a Member, running a validator, contributing to CIPs and Development Fund proposals. 📉 Edel Finance shared their perspective on perp futures belonging on Canton. Their framing: for funds managing capital, a visible position is a liability. Privacy as market structure, not a preference. ⚙️ Rocky Exchange and Palladium Labs shared CIP-104 explainers. "Pay for what the network can measure." is the takeaway 📖 Kora v2 is live. Permissionless orderbook, full trade privacy, hybrid orderbook and RFQ execution. Institutional trading rails on a public chain that keeps your positions to yourself. 🏦 Canton Network published a Digital Asset conversation on DTCC's on DTCC's move to production tokenization Calling it a week 🤝

Stablecoins operating at institutional scale need settlement infrastructure with privacy controls, compliance tooling, and the ability to transact without pre-funding or counterparty risk that lingers across clearing cycles. USD1, World Liberty Financial's dollar-backed stablecoin, is now natively issued on Canton Network. The integration, announced August 25, gives USD1 access to atomic settlement capabilities alongside Canton's privacy and compliance architecture. Canton already processes more than $9 trillion in tokenized assets every month. USD1 joins other dollar-pegged tokens already issued on Canton, giving institutional participants a choice of settlement currency on the same network. Read the full article: https://lnkd.in/esZPf_Rb