_Original text from: _Canton Official Blog

Historically, the narrative of "traditional finance (TradFi)" versus "decentralized finance (DeFi)" represented a false choice: either choose the controls and safeguards of traditional financial markets, or opt for the speed, transparency, and composability of decentralized finance that has developed on the fringes of the market. The Canton Network ecosystem shows us that today, the barriers that once separated these two worlds are crumbling. At their intersection, real opportunities are emerging.

Canton Network combines the privacy and control required by institutions with the composability, decentralization, and innovative network economics of public chains, breaking the trade-off between traditional finance and decentralized finance. This is the moment when the power of global finance meets the power of blockchain.

Why is Canton attracting institutions and crypto capital markets?

By 2025, the Canton Network is expected to experience explosive growth. Currently, there are about 600 validators on the Canton Network each month, with over 15 million transactions using Canton Coin. Traditional institutions, application developers, and leaders in the crypto market are collaborating on Canton to achieve large-scale market transformation.

Canton has gained the trust of industry leaders such as Goldman Sachs, BNP Paribas, HSBC, Broadridge, and Circle, enabling traditional finance and DeFi-like business models to operate in large-scale synergy on the same track. In terms of data results, applications on Canton have processed over $60 trillion in on-chain assets and over $280 billion in U.S. Treasury repurchase transactions daily.

Positioned as an AllFi blockchain, Canton provides a viable path for institutions and crypto-native developers to combine real-world financial operations at crypto speed, without forcing adopters to choose between TradFi and DeFi.

Exploring the Canton Ecosystem

Below is an ecosystem guide to help users quickly explore the diverse, interconnected applications, assets, and services currently available on Canton.

Tokenized Assets

On Canton, once assets are tokenized, they exist on an L1 network that serves as a trusted ledger and record, available to issuers, custodians, and regulators as a source of truth. On-chain means direct ownership, not just synthetic representation of assets. This means that the rights and obligations of issuers, investors, and all parties in between can be executed and relied upon at the protocol level. At the same time, the transfer of these assets is protected by fine-grained privacy controls.

From real-world financial assets such as bonds, repos, money market funds, loan commitments, insurance, mortgages, and private equity, to packaged crypto assets (like CBTC) seeking institutional adoption, assets on Canton are composable across applications on the network and increasingly supported by the growing wallet and custody ecosystem. The result is a seamless workflow that combines privacy-protecting guarantees, thereby unlocking asset utility and investor confidence.

Stablecoins

Canton Network provides a layer of privacy and interoperability for regulated stablecoins, significantly enhancing their utility in enterprise workflows and use cases, as well as for privacy-preserving payments and settlements. Whether for cash management, cross-border payments, margin for crypto derivatives, or financing in a 24/7 market, privacy remains a threshold issue for the widespread adoption of stablecoins. For this reason, institutions are more inclined to choose stablecoins on Canton (such as USDC, Brale, M1) to back on-chain assets like U.S. Treasuries as collateral.

Stablecoin applications on Canton benefit not only from composability with institutional-grade real-world assets but also from broader network integration—from leading compliance providers to trading and margin management applications and custodians—making it a trusted venue for institutional stablecoin traffic growth.

Custody

The Canton Network ecosystem includes an increasing number of providers to meet the needs of traditional and crypto-native companies to easily and securely hold and utilize on-chain assets—from institutional-grade custody and wallet infrastructure to highly secure key management solutions.

Liquidity

Digital assets require distribution and convenient liquidity to generate real utility. From leading market makers and crypto liquidity providers to emerging trading platforms and exchanges, the growing enterprise ecosystem is driving network-wide liquidity on Canton.

Market makers such as QCP, DRW, GSR, FalconX, Flowdesk, and B2C2 have established a foundation for deep, composable liquidity across asset classes. These companies provide liquidity for on-chain tools and leverage privacy-supported assets on Canton as they open up new use cases—from automated margin management to utilizing previously inaccessible assets for 24/7 financing.

Wallets

Canton Network's token standard CIP-56 ensures seamless composability between wallets and assets for an enhanced user experience, supporting the thriving circulation and transfer of Canton-native assets (from Canton Coin to CBTC, USDC, SBC, etc.). The ecosystem supports various types of wallets—from self-custody to custodial wallets, for enterprises or individuals, as well as cold/hot wallets—allowing applications to connect with various user types, whether enterprise clients, high-net-worth individuals (HNWI), or retail end-users. Emerging retail wallets, such as Five North's Loop, aim for frictionless onboarding and daily asset interaction. Wallets focused on high-net-worth individuals and SMEs (like Bron), along with leading self-custody and hardware wallets (like Ledger), are also set to join the ecosystem. Developers can also benefit from wallet tools that use Digital Asset's Wallet SDK to accelerate the building of custom wallets, making it easier to integrate with the CIP-56 token standard.

Developer Tools

Canton's open ecosystem includes a robust set of developer tools for both beginners and experienced developers to build, test, and deploy faster.

For learners, AngelHack recently launched the Canton Core Academy, offering interactive and concise learning courses to help developers build institutional-grade financial applications on the Canton Network. Users can learn about Canton’s architecture, how to get started with Daml, and how to build an inter-institutional asset transfer application through the academy's "earn while you learn" tasks.

Canton's ecosystem also includes a comprehensive suite of frameworks, SDKs, and libraries to help developers build, deploy, and test applications on the network more quickly, thereby accelerating time to market. Digital Asset's Canton Network Utilities is a powerful set of building blocks that enables digital asset issuers and their clients to quickly bring assets onto the Canton Network. Quickstart introduces developers to Canton’s token standards and provides a template for hands-on learning on how to build a full-stack application.

Node-as-a-Service (NaaS)

An increasing number of enterprise-grade Node-as-a-Service (NaaS) providers offer authorized connections, deployment, and validator management, allowing institutions to focus on delivering value to customers, such as providing pure custodial services with DevOps tools, additional DeFi products, services, and integrations, rather than the costs of operating nodes.

Data and Analytics

The ecosystem includes a comprehensive suite of block explorers, dashboards, and analytics tools for full-stack observability. This provides institutional users with the transparency needed to observe, audit, and analyze on-chain activities while retaining Canton’s privacy protections. Some key tools include:

• The Tie's public dashboard, which provides visibility into overall real-time network activity, token economics, and adoption of featured applications, allowing ecosystem participants to understand the overall health of the network.
• Node Fortress's dedicated Canton Network explorer enables users to monitor governance actions and proposals.
• Coin Metrics' Canton Intelligence App is a powerful analytics platform that provides key features such as validator rewards, fee flows, application incentives, and sub-account movements.
• Proof Group's CantonScan allows users to explore and search the blockchain by participant, tracking individual token activities and laying the groundwork for institutional-grade auditability.
• RWA.xyz, a leading dashboard for tokenized real-world assets, has integrated with Canton service provider Kaiko.
• 5N Lighthouse supports real-time data from super validators and validators, facilitating users to track governance decisions, monitor transactions in real-time, and view interactions between applications and the network.

Payments

Canton Network's architecture supports instant and automated payment versus payment (PvP) workflows, designed to bring a wide range of real-world payments on-chain, including: business-to-business (B2B) payments, payroll, remittances, cross-border transactions, and cash management. Unlike other public L1 blockchains, Canton is a public network with privacy-protecting workflows that prevent institutions from broadcasting sensitive payment data to the world. The Canton Network includes an increasing number of payment vertical applications, enhancing the security and reliability of digital payments on the network, including Bitwave (a B2B cross-border payment network), Paysafe (a global leading payment platform), and Worldpay (a global payment technology provider).

Forensics and Security

An increasing number of compliance and forensics providers have integrated into the ecosystem to support compliance and transaction monitoring, including:

• Elliptic provides a trusted on-chain AML (anti-money laundering) monitoring solution for regulators.
• TRM Labs offers blockchain analytics solutions for detecting and investigating crypto-related fraud and financial crimes.
• On-chain AML monitoring capabilities allow individual operators to define their own compliance parameters—ensuring alignment with regulatory requirements and institutional risk management. Combined with Canton’s selective disclosure features, Canton provides a sophisticated approach to regulatory oversight and compliance.

Interoperability

Canton is the pillar of interoperability for all applications and networks within the Canton ecosystem—connecting fragmented systems in global finance through secure and compliant infrastructure. The Canton ecosystem plans to support cross-chain interoperability services for leading interoperability solutions such as Chainlink, LayerZero, and Wormhole, further opening up to other ecosystems to benefit from the unique features, capabilities, and applications of the Canton Network.

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