The Canton blockchain network is being launched by a group of participants from the finance and tech industries including Paxos, Microsoft and Deloitte.
A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes of Microsoft and Goldman Sachs.on May 9, the Canton Network will be a privacy-enabled interoperable blockchain network aimed at those working with institutional assets. It will allow the synchronization of financial markets that were “previously siloed.
The network will begin testing its capabilities in July, which include extensive privacy controls and the ability to achieve the scale and performance needed by major financial institutions. Participants in the network currently include BNP Paribas, Cboe Global Markets, Digital Asset, Paxos, Microsoft, Goldman Sachs, Deloitte and others.
Cathy Clay, the executive vice president at Cboe Global Markets - one of the partners in the project- said that when leveraged, blockchain technology can potentially “unlock” new opportunities in the market. “...the tokenization of real-world assets may offer an unprecedented opportunity to create new market infrastructure and drive efficiency in the trading of products across the globe.”
Canton is built on Daml, the smart-contract language of Digital Asset, which creates an interoperable system where “assets, data, and cash” can synchronize across linked applications.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Akron and Canton at high risk for home fires, according to national surveyA national survey has put Akron and Canton in the spotlight, but not in a good way. The two cities were listed in the top 50 in the country for being most at risk of having a fire.
Read more »
Goldman Sachs to pay $215 mln to settle gender discrimination lawsuitGoldman Sachs Group Inc has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said.
Read more »
Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and OthersFinancial technology company Digital Asset will be launching a privacy-enabled interoperable blockchain network designed for institutional assets to provide a decentralized infrastructure. HeleneBraunn reports.
Read more »
Policy convergence should eventually benefit AUD/NZD – Goldman SachsEconomists at Goldman Sachs preview the Reserve Bank of New Zealand (RBNZ) meeting in May and see AUD/NZD on a higher trajectory through the end of th
Read more »
Goldman Sachs finds crypto interest has waned among ultra-richGoldman Sachs has found that 62% of surveyed family offices are not invested in and are not interested in crypto, compared to 39% in 2021.
Read more »