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The Canton Network is the first public, permissionless Layer 1 blockchain designed specifically for institutional finance, combining configurable privacy, regulatory-grade compliance, and horizontal scalability. Created by Digital Asset (founded in 2014 by Yuval Rooz, Eric Saraniecki, and Shaul Kfir), the Canton Network launched in May 2023 with over 30 market participants and achieved MainNet launch with the decentralized Global Synchronizer in 2024. Canton processes over $6 trillion in tokenized real-world assets monthly and supports more than $300 billion in daily U.S. Treasury repo trades, with over 700 connected firms spanning global financial institutions including Goldman Sachs, DTCC, Broadridge, BNP Paribas, HSBC, Circle, Cumberland, and QCP. The network features 736 total validators and 50 Super Validator nodes operated by independently acting organizations, generating approximately $2 million in daily fees with a total Canton Coin (CC) supply of 38.7 billion tokens.
Canton Network is a public, permissionless Layer 1 blockchain built specifically for institutional finance. It enables banks, asset managers, trading firms, and crypto-native companies to tokenize real-world assets (bonds, repos, funds, commodities, mortgages), issue stablecoins, trade crypto derivatives, and build interoperable financial applications with configurable privacy. Canton's Global Synchronizer coordinates atomic cross-chain transactions across independent subnetworks without bridges or intermediaries.
Canton serves over 700 connected firms including Goldman Sachs (running GS DAP tokenization platform), DTCC (tokenizing U.S. Treasuries via ComposerX), Broadridge (processing $300B+ daily repo trades on DLR), HSBC, BNP Paribas, Circle, Cumberland, QCP, Euroclear, SBI Digital Asset Holdings, Tradeweb, Versana, and EquiLend 1Source. The Canton Foundation's premier members include 7Ridge, Broadridge, Cumberland, Digital Asset, Euroclear, Liberty City Ventures, Obsidian Systems, SBI DAH, T-RIZE, Tradeweb, and 5North.
Canton Coin has a published whitepaper compliant with Title II of EU Regulation 2023/1114 (MiCA) for the European market. Digital Asset, the company behind Canton, maintains SOC2 Type II certification. Canton is a public blockchain network and not a financial intermediary — licensing requirements for participants depend on their jurisdiction and activities. Canton provides the infrastructure for KYC/AML compliance through integration with TRM Labs and application-level configurable compliance rules.
Canton is its own native L1 blockchain with a network-of-networks architecture. It interoperates with external chains through bridges and oracles available in its ecosystem. Stablecoins on Canton include USYC (Hashnote's yield-bearing money market fund token), tokenized bank deposits (as demonstrated by HSBC's pilot), and stablecoins accessible through Circle's integration. Canton Coin (CC) is the network's native utility token used for fees, rewards, and governance.
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