- The project was developed based on the Daml language
- It combines the potential of the blockchain with the regulation and control of TradeFi
- The platform offers a ready-made decentralized infrastructure for the interaction of disparate markets
Fintech firm Digital Asset is developing an ambitious project. The company launched a global interoperable blockchain network designed to provide a decentralized infrastructure for the needs of institutional clients.
The project was named Canton Network. The initiative has attracted some big players, including Microsoft, Goldman Sachs, BNP Paribas and Deloitte.
In fact, Canton Network is a “network for networks”. The platform allows disparate financial markets to interact, balancing privacy and decentralization with a certain degree of control.
“Canton Network is a powerful answer to industry requests for a solution that combines the power of blockchain with the high demands of institutional finance.” noted DRW partner Chris Zulke.
Interoperability is provided through the use of Daml, the Digital Asset language. But despite the fact that the company is a developer and supplier of products for the platform, it does not actually own it.
“For the first time, financial institutions can realize the full potential of the blockchain while operating within regulatory restrictions, which provide a safe and secure field for interaction,” CEO Digital Asset.
Earlier today, May 9, we talked about a new concept from Visa. It is a platform that provides small and medium businesses with access to blockchain solutions, including asset tokenization.
