Since the Canton Network’s inception, 155 participants from 45 major organizations have settled real-world assets across 22 blockchains.
Major financial institutions, including Goldman Sachs, BNY Mellon and Cboe Global Markets, have completed a large-scale pilot test using blockchain technology.
According to a March 12 Bloomberg report, institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network, which was launched in May 2023 by startup Digital Asset Holdings. The pilot test included 15 asset managers, 13 banks, four custodians, three exchanges and the stablecoin issuer Paxos Trust.
In its announcement the same day, the Canton Network said that 155 participants from 45 major organizations have since demonstrated settlement across 22 permissioned blockchains connected to its ledger. The firm stated:
