TechFlow, September 9 — According to CoinDesk, BNP Paribas and HSBC have joined the Canton Network, a permissioned, privacy-focused blockchain network popular among banks and large financial institutions.
Earlier this year in March, Goldman Sachs, Hong Kong’s Financial Market Infrastructure Services company, and Moody’s Ratings joined the network. The Canton Foundation said tokenized assets exceeding USD 3.6 trillion are hosted on the Canton Network. As a permissioned blockchain, the network features a "global synchronizer" that enables transactions and settlements across different networks without compromising data control.
BNP Paribas stated that joining the Canton Network reflects its digital transformation strategy and intent to apply blockchain in client services. HSBC views the move as a way to enhance liquidity in digital asset markets and support trading across multiple asset types.
