Two major global banks-the BNP Paribas and HSBC-have joined the Canton Foundation, the network development organization dedicated to tokenization dedicated to tokenization dedicated to real-world property ownership applications of blockchain technology.
The foundation on Tuesday announced that the BNP Paribas and HSBCs are now members, along with recent Goldman Sachs, Hong Kong FMI services and Moody’s ratings. With more than 30 members, the Canton Foundation provides management and strategic directions for the network while advancing blockchain -based financial use cases.
The Canton Network is a blockchain designed for institutional finance, with the main focus on the tokenization of the real-world asset (RWA), compliance with regulation and interoperability.
The head of the BNP Paribas global market, Hubert de Lambilly, said the move reflects the bank’s promise to adopt the shared ledger technology “to serve our emerging client needs.”
BNP’s involvement constitute its its Prior to the Digital Asset BackingThe company behind the Canton Network. The French bank participated in the $ 135 million subsidy of the digital asset funding, which the company said to accelerate the adoption of institutional and decentralized financial initiatives in Canton.
The head of HSBC’s digital assets and currency, John O’Neil, said joining the foundation will help strengthen the maturation of the blockchain industry and support the creation of real liquidity in the digital asset markets.
HSBC has become active in Blockchain initiatives, with reports indicating it is preparing Apply for a Stablecoin license in Hong Kong Under the new city regulation regime. HSBC Hong Kong also explores blockchain applications for caution, tokenization and bond issuance, according to previous disclosure.
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Institution’s interest in tokenized RWA is growing
Institution’s demand for t TONDIZED REAL-World Assets is shaping The 2025 Crypto narrative.
The World Economic Forum (WEF) recently Highlighting The trend, which has noted that the industry is now benefiting from a unique mix of institutions, regulators and technology companies that work together to “develop trustworthy, coherent frameworks.” If successful, the WEF said, this cooperation may allow the asset tokenization to fulfill its long -term potential.
Regulation also plays a decisive role. In the United States, The passage of the Stablecoin-Focus Genius Act.
So far, tokenization efforts have been Concentrated in private credit markets and treasury bills. But the range is expanding, with experiments on Equal -equivalent, goods and Energy infrastructure conducted.
Number Cointelegraph recently reportedThe Digital Asset Exchange Kraken cooperated with the SEC’s Crypto Task Force to discuss the tokenization, emphasizing how the future of the sector is increasingly tied to regulating.
https://www.youtube.com/watch?v=owvy6LP9W2A
Related: NASDAQ SEC demands for changing rule in stocks tokenized trade
