BNP Paribas and HSBC Join Privacy-Centric Blockchain Canton
Finance/Tech

BNP Paribas and HSBC Join Privacy-Centric Blockchain Canton

The banks have become members of the Canton Foundation, which oversees the Canton Network designed for secure financial transactions.

What You Should Know

  • BNP Paribas and HSBC have joined the Canton Network, a permissioned and privacy-oriented blockchain favored by financial institutions.
  • Their membership follows earlier additions from Goldman Sachs and others this March.

The Canton Network hosts over $3.6 trillion in tokenized assets, functioning via a “Global Synchronizer” that enables trades and settlements across different networks while maintaining data integrity.

Both banks aim to enhance their strategies related to digital transformations and optimize liquidity in digital asset markets through this collaboration.

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