Source: The Canton Foundation
The Canton Foundation announced today that BNP Paribas and HSBC have joined the foundation.
The addition of these new members continues the trend following the earlier joiners this March, including Goldman Sachs, Hong Kong Financial Market Infrastructure Limited (HKFMI), and Moody's Ratings, highlighting the growing trust of global financial institutions in the Canton Network and its strategic importance in the evolution of global financial infrastructure.
The new members' participation confirms that the financial industry is collectively embracing decentralized technology, which prioritizes data privacy, operational control, and large-scale interoperability. With the accelerated development of tokenized finance, the inclusion of BNP Paribas and HSBC marks a key step forward for the Canton Network in synchronizing global capital market processes.
Melvis Langyintuo, Executive Director of the Canton Foundation, stated, "We are very pleased to welcome BNP Paribas and HSBC to the Canton Foundation. Their participation will strengthen the governance and strategic direction of the Canton Network as we continue to build an open, neutral, and robust blockchain infrastructure for regulated markets."
Hubert de Lambilly, Global Markets Head for BNP Paribas in Continental Europe, the Middle East, and Africa, said, "Joining the Canton Foundation demonstrates BNP Paribas's consistent commitment to digital transformation and the adoption of distributed ledger technology to meet the evolving needs of our clients. Participating in this initiative provides us with valuable opportunities to collaborate with key industry players to drive the long-term role of blockchain technology in regulated financial sectors."
John O’Neill, Head of Digital Assets and Currency at HSBC Group, stated, "Driving liquidity in the digital asset market requires a strong ecosystem of connectivity and market access. Joining the Canton Foundation helps HSBC continue to drive the transition to new infrastructure that supports complex multi-asset trading in a trusted and transparent manner."
Global Synchronizer provides critical infrastructure for digital asset synchronization across permissioned blockchains on the Canton Network. The Canton Foundation is governed by industry stakeholders, including fintech companies, service providers, and leading global banks, ensuring the decentralized and neutral governance of this critical component.
With the addition of BNP Paribas and HSBC, the Canton Foundation now has over 30 members, including institutions such as Broadridge, Tradeweb, and Digital Asset, as well as recent joiners Goldman Sachs, HKFMI, and Moody's Ratings. These institutions are collectively shaping a decentralized ecosystem aimed at supporting real-world financial applications with high regulatory and operational standards.
About the Canton Foundation
The mission of the Canton Foundation is to promote the growth and governance of the global synchronizer within the Canton Network. The foundation ensures reliable, fair, and trustworthy services for the Canton Network through decision transparency and member participation mechanisms of global synchronizer operators (super validators). Blockchain applications within the Canton Network can achieve atomic transactions across independent blockchains through global synchronizers while ensuring privacy and control. For more details, please visit: https://sync.global.
About the Canton Network
The Canton Network is the only permissioned blockchain in the financial industry with on-chain privacy features, crucial for enabling seamless flows of assets and capital on decentralized open channels. Its on-chain tokenized asset scale exceeds $36 trillion, synchronizing previously isolated systems with unprecedented configurable privacy and control features, thereby unlocking asset liquidity between traditional finance and the crypto ecosystem. This infrastructure will be launched in July 2024, governed by the Canton Foundation to ensure organizational neutrality and promote ecosystem innovation. For more details, please visit: www.canton.network.
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