Visa Teams Up With Brale to Test SBC Settlement on Canton Network

TechFlow reports: On September 9, according to Cointelegraph, Visa recently announced a partnership with fintech infrastructure provider Brale to explore private stablecoin-based settlement solutions on Canton Network, a blockchain platform designed specifically for financial institutions. The two parties will jointly conduct a proof of concept (Proof of Concept), focusing on assessing the feasibility of adopting SBC—a US dollar-collateralized stablecoin issued by a Brale affiliate—as an additional settlement option for Visa’s payment network.

Canton Network is known for its privacy preservation and high interoperability, making it well-suited for processing sensitive transaction data. This collaboration between Visa and Brale focuses on institutional-grade payment flows, aiming to validate technical pathways for implementing programmable, compliant directed payments within a blockchain environment. Visa stated that through this pilot, it will further expand its settlement capabilities in the crypto asset space, meeting the dual needs of financial institutions for efficient capital movement and strict regulatory compliance.