Latest news with #CantonNetwork
Yahoo
7 days ago
- Business
- Yahoo
Wall Street Firms Complete First 24/7 U.S. Treasury Financing Via Tokenization on Canton Network
Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain financing of U.S. Treasuries against USDC on the Canton Network. The repo trade, carried out on Tradeweb, settled atomically on a Saturday, sidestepping the weekday-only limitations of traditional settlement systems, according to a press release shared with CoinDesk on Tuesday. Prime brokers converted U.S. Treasuries held at the Depository Trust & Clearing Corporation (DTCC) into tokenized assets on Canton, then used them as collateral for USDC-backed financing. The Canton Network is a privacy-focused blockchain developed by Digital Asset. Institutions involved in the transaction include Bank of America (BAC), Circle (CRCL), Citadel Securities, Cumberland DRW, DTCC, Hidden Road, Societe Generale, Virtu Financial and Tradeweb. Most of these firms invested in Digital Asset in its $135 million fundraising round in June. Tokenization of government debt, a crucial collateral asset in global markets, is part of a broader push to bring financial instruments, or real-world assets, onto blockchains. Global banks and asset managers explore tokenization to cut settlement times, increase transparency and keep markets open around the clock. Participants in the Canton transaction said it marks a step toward a unified market structure blending traditional finance's scale with the programmability of decentralized blockchain rails. They plan more transactions later this year. "[The transaction] demonstrates how market participants can unlock real-time collateral mobility and round-the-clock financing using assets on chain, which lays the groundwork for a fundamentally more efficient and accessible global financial system," Kelly Mathieson, chief business development officer at Digital Asset, said in a in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
7 days ago
- Business
- Bloomberg
Treasuries Go 24-7 as Repo Trade Hits Blockchain on a Saturday
In a twist on Wall Street's traditional market plumbing, some of the biggest names in finance used a crypto blockchain to trade US Treasuries for digital dollars — on a Saturday. The deal, carried out on the Canton Network through Tradeweb, hints at a future where trading is no longer confined to the standard business week. Canton, a public blockchain developed by Digital Asset Holdings, was used as the rails of the transaction, allowing a standard US Treasury repurchase agreement, or repo trade, to happen outside of normal market hours. The on-chain transaction bridges the traditional asset class with crypto, which operates around the clock.
Business Insider
31-07-2025
- Business
- Business Insider
Maestro Joins Canton Network As a Validator to Strengthen Privacy-First Financial Systems
Austin, Texas, July 31st, 2025, Chainwire Maestro was granted a validator spot on Canton Network alongside other leading institutions from the financial and digital asset sectors, such as Binance, BitGo, Bank of America, Galaxy Digital, Mastercard, Citadel, and Nasdaq. Maestro will support the regulated financial institutions' adoption of blockchain systems by strengthening Canton's infrastructure. Maestro, the leading enterprise-grade infrastructure provider powering the future of digital finance, has announced that it has become a validator on the Canton Network, the only Layer-1 blockchain that offers configurable privacy and institutional-grade compliance at scale. This collaboration unites two firms focused on enabling privacy, control, and interoperability for financial institutions. Canton Network connects participants across financial markets, handling over $1 trillion in monthly transaction volumes. It recently completed a $135 million funding round led by DRW Venture Capital and Tradeweb Markets, with participation from major institutions including Goldman Sachs, Citadel Securities, and BNP Paribas. Nine of the world's 10 largest global investment banks are now part of the Canton Network ecosystem. Maestro is bringing its infrastructure expertise to Canton Network by supporting institutional-grade blockchain applications such as Bitwave, The Tie, Proof Group, BitSafe, HydraX, and IntellectEU — platforms that collectively process trillions of dollars in transactions annually. With a proven track record powering top Bitcoin applications and facilitating billions in transaction volume, Maestro is well-positioned to help support and scale these leading applications within the Canton ecosystem. Canton's validators include leading institutions from the financial and digital asset sectors. In July, a new set of validator slots was granted, including Binance, BitGo, Bank of America, Galaxy Digital, Mastercard, Citadel, and Nasdaq. Maestro will support the growing adoption of blockchain systems by regulated financial institutions by strengthening Canton's infrastructure. 'As the Canton Network continues to grow across various enterprise use cases and segments, infrastructure provided by Maestro and other validator partners will be instrumental in supporting the growing applications in the ecosystem.' said Melvis Langyintuo, Executive Director of the Global Synchronizer Foundation. Maestro Co-Founder & CEO Marvin Bertin said, 'We're proud to join the Canton Network as a validator. This partnership reflects our commitment to helping institutions adopt blockchain technology and upgrade the traditional financial rails with secure, compliant infrastructure.' Designed for regulated financial markets, Canton Network is used by leading banks, asset managers, and trading firms. These entities can access a range of financial products on Canton, including Bitcoin, which is attracting growing institutional interest. Maestro has processed billions of API calls on its platform and provided enterprise-grade infrastructure to hundreds of companies. Its arrival in Canton will bring this expertise to help support the network, which forms a major hub for enterprises. Maestro is the first enterprise-grade infrastructure provider tailor-made for Bitcoin DeFi. Its mission is to accelerate the world's transition to the Bitcoin Economy by delivering a comprehensive, scalable infrastructure stack optimized for on-chain finance. By empowering developers and businesses with robust software tooling, Maestro is setting a new standard for how financial applications are built on Bitcoin, fueling the evolution of a decentralized, blockchain-native financial system. Learn more: About The Canton Network The Canton Network is the first public, blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Global Synchronizer Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. Initially developed by Digital Asset and now open-sourced, Canton supports decentralized governance and collaborative app development. By overcoming the limitations of existing blockchains, Canton unlocks new efficiencies for regulated institutions and facilitates the convergence between traditional finance and institutional crypto. Learn more at: About the Global Synchronizer Foundation Global Synchronizer Foundation's mission is to foster the development and growth of the Global Synchronizer in the Canton Network and facilitate its governance. The GSF provides transparency and member engagement in decisions made by the operators (Super Validators) of the Global Synchronizer to ensure a reliable, fair, and trusted service for the Canton Network. Blockchain applications in the Canton Network can use the Global Synchronizer to enable atomic transactions across sovereign blockchains without sacrificing privacy or control. Learn more at:
Yahoo
15-07-2025
- Business
- Yahoo
The Tokenization Market Has A 4,000x Growth Potential According Bitwise: Here's 'The Cleanest Way' To Invest In The Narrative
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The tokenization market is a potential 4,000x opportunity that is "having a moment," according to Bitwise investment chief Matt Hougan. Hougan said this in a note to investors on Tuesday, citing statements from BlackRock (NYSE:BLK) CEO Larry Fink and recent developments in the space. In Fink's annual shareholder letter this year, he wrote: "Every stock, every bond, every fund-every asset-can be tokenized." The move towards this future appears to be underway. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . In the past month, Bybit, Kraken and Robinhood (NASDAQ:HOOD) have all launched tokenized stock trading for non-U.S. clients and Coinbase (NASDAQ:COIN) has applied to launch the product for U.S. customers. Meanwhile, financial institutions have poured $135 million into Canton Network, a new Layer 1 blockchain purpose-built for stock and bond trading. Mercado Bitcoin has also announced plans to tokenize $200 million worth of assets on the XRP Ledger. Additionally, Securities and Exchange Commission Chair Paul Atkins has expressed interest in fostering the sector's advancement. Amid these developments, Hougan said the tokenization market could represent a 4,000x opportunity if Fink is correct, pointing out that stocks and bonds alone are a $257 trillion market combined. Trending: New to crypto? on Coinbase. Hougan said "the cleanest way" to position for the potential tokenization wave is to hold "a basket of the top Layer 1 blockchains and infrastructure plays." He specifically named Ethereum, Solana, XRP and Chainlink as promising choices. "One could argue for concentrating your bets—especially since Ethereum is the current leader in tokenization and is well positioned to win market share—but that seems overly specific to me," he said. "Many different players are getting bites at the apple. It would be unfortunate to call the tokenization trend early only to bet on the wrong horse." Beyond these cryptocurrency assets, Hougan said investors could also gain from holding a mix of stocks that could benefit from tokenization. Examples cited by Hougan include Robinhood, Coinbase and Circle (NYSE:CRCL).The latest note from Hougan comes as he suggests that the tokenization wave may be set to impact the market prices of related assets soon. He said while it may take over a decade for the majority of stock and bonds trading to happen on-chain, there was a possibility of a 1-5% market penetration in a few years. "It would translate into trillions of dollars ... more than any other crypto application or asset, including Bitcoin," he said. Hougan said this outcome was inevitable due to the 24/7 nature of blockchain technology and the superior settlement speeds. He said it was just last year that the stock market moved from a two-day settlement system to a one-day settlement system for the first time in a century. "In what other industry would we celebrate matching the operating speed from 1934?" Hougan quipped. In contrast, trades can settle in seconds on the blockchain. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Image: Shutterstock This article The Tokenization Market Has A 4,000x Growth Potential According Bitwise: Here's 'The Cleanest Way' To Invest In The Narrative originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
04-07-2025
- Business
- Finextra
YZi Labs joins Digital Asset funding round
YZi Labs today announced its investment in Digital Asset, a platform for enterprise-grade tools to build compliant solutions for regulated markets. 0 This investment builds on Digital Asset's $135M Series E fundraising round announced on June 24, which included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs. By joining this round, YZi Labs reinforces its commitment to advancing institutional adoption through infrastructure that meets the regulatory and operational needs of mature markets like the U.S. Digital Asset is the creator of the Canton Network, the only public L1 network built from the ground up with configurable on-chain privacy. As of June 2025, Canton has supported tokenized real-world assets with a total value locked (TVL) of trillions of dollars, including over $1.5 trillion in monthly tokenized U.S. Treasury repo activity. The network has seen notable growth over the past year with nearly 400 participants across its ecosystem, including global leaders in both traditional and decentralized finance. The blockchain space has long lacked a solution that allows regulated financial institutions to operate on-chain without compromising privacy, control, or compliance. Traditional public blockchains are too transparent for sensitive financial data, while private chains lack interoperability and scalability. By allowing institutions to tailor privacy settings to their specific needs, Canton overcomes the primary barrier to blockchain adoption: the conflict between transparency and financial confidentiality. This funding will allow Digital Asset to expand the Canton Network's infrastructure, onboard new institutions more quickly, and support the composability and interoperability required to bring billions of dollars of real-world assets on-chain. Over the next 12 to 18 months, there will be additional live deployments from major financial players, interoperability between applications across nodes, and a meaningful expansion into new global markets. 'Through this investment, YZi Labs is proud to support the mission of bringing tokenized real-world assets into the financial mainstream, and to contribute to the broader goal of advancing global institutional adoption.' said Ella Zhang, Head of YZi Labs. 'This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets,' said Yuval Rooz, Co-Founder and CEO of Digital Asset. 'Their deep conviction in foundational Web3 infrastructure, global track record in scaling emerging technologies, and expertise in accelerating blockchain adoption make them an ideal partner as we expand Canton's reach. With this new backing, we're advancing our mission to bring trillions of dollars more in real-world assets on-chain, creating a more connected and efficient financial ecosystem."
