Privacy-Focus Blockchain Canton’s chainlink selected to push institutional adoption
The Canton Network, a blockchain built for regulated finances, has stabbed a strategic cooperation with the chainlink to expand institutional adoption.
The agreement, announced on Wednesday, will see Canton combining the Suite of Services, including data streams, reserve proof, and the cross-chain interoperability protocol. Canton also joined the chainlink scale program, which helps cover the operations of Oracle nodes that feed external data on blockchains.
The chainlink labs will take on the role of the Super Validator in Canton’s Global Synchronizer, a system designed to maintain transactions throughout the network. Which places a chainlink next to a roster of more than 30 super validators and 500 validators that support Canton, which processes $ 280 billion in daily repo transactions and ensures more than $ 6 trillion in tokenized real-world assets.
For institutions, dealing can mean faster access to tokenized securities, stablecoins, and digital identification tools without sacrificing compliance or privacy. Imagine a bank that releases tokenized bonds in Canton and relies on the chainlink to confirm collateral values in real time – a scenario designed to cure costs while reducing the risk of counterparts.
The chainlink gained more than $ 100 billion in full financial decentralized and helped facilitate $ 25 trillion in transaction value. Its entry into Canton aligns with growing demand from financial companies that explore tokenized assets and cross-chain applications.
“Collaboration combines Canton’s focus on regulated finances with chainlink infrastructure, which provides a way for institutional use cases,” Chainlink co-founder Sergey Nazarov said on the release.
