The Canton Network has emerged as a pivotal player in the financial sector, facilitating an impressive $350 billion in daily repo transactions. This Layer 1 blockchain, operational across over 600 validator nodes globally, is becoming a cornerstone for major financial institutions including JPMorgan, DTCC, Goldman Sachs, and Franklin Templeton.
Designed specifically for institutions handling real-world assets, the Canton Network integrates privacy, rapid settlement, and compliance features into its architecture. As traditional public blockchains publicly display all transactions, they pose challenges for banks that need to uphold client confidentiality. The Canton Network addresses these privacy concerns through DAML smart contracts, which embed access and authorization rules directly into the assets and transactions.
According to industry insights from Delphi Digital, the $350 billion daily settlement on this lesser-known blockchain highlights its significant role in the repo market. The network allows two parties to execute trades without disclosing transaction details to external entities, which is crucial for regulatory compliance. Regulators can still maintain necessary oversight, while the privacy of unrelated activities is safeguarded from other network participants.
The Canton Network eliminates lengthy clearing processes typically associated with traditional financial systems by enabling atomic settlements. This innovative feature ensures that both sides of a trade execute simultaneously, thereby mitigating risks prevalent in repo markets, where substantial sums are exchanged daily.
Recent months have seen a surge in repo trading volumes, rising from $280 billion in August 2025 to the current $350 billion. Broadridge has fully integrated its Distributed Ledger Repo platform on the network as its first major live deployment. Furthermore, DTCC is actively working on tokenizing U.S. Treasury securities on the Canton Network, bolstered by SEC approval and aiming for a minimum viable product launch in the first half of 2026.
Joining the Canton Foundation as a co-chair alongside Euroclear, DTCC is making significant strides in this initiative. This is not merely a test or pilot; it signifies a concrete move toward widespread adoption. Additionally, Franklin Templeton has broadened its tokenized fund initiatives on the network, joining other financial giants like BNP Paribas and Deutsche Börse.
In another noteworthy development, JPMorgan”s blockchain division, Kinexys, plans to issue JPM Coin, its digital currency for USD deposits, directly on the Canton Network in January. This integration is further supported by Fireblocks, which has also become a Super Validator, ensuring regulated custody for institutional clients.
The validator network comprises regulated firms like HexTrust and Tharimmune, the latter being the first NASDAQ-listed company to operate as a super validator. With a clear focus on institutional clients, the Canton Network does not feature public block explorers, reinforcing its intent for a privacy-centric model tailored for financial institutions.
As noted, “Canton was not built for retail. It was built for the firms that move your money,” underscoring its strategic design for institutional use.
