BNP Paribas and HSBC joined Canton Network, a permitted privacy-centric blockchain popular among banks and large financial institutions.
Their addition comes after Goldman Sachs, Hong Kong FMI Services and Moody’s Rating took part in March. According to the foundation, the Canton Network hosts more than $3.6 trillion in tokenized assets. It acts as a permitted blockchain with a “global synchronizer” that allows transactions and settlements to occur across various networks without compromising data control.
BNP Paribas said the participation reflects digital transformation strategies and its intention to collaborate in client services blockchain applications. HSBC has framed the move as a way to improve liquidity in the digital asset market and support transactions across multiple assets.
The Canton Foundation counts over 30 members, including Broadridge, TradeWeb and Digital Asset. By integrating banks, fintech companies and service providers under neutral governance, the foundation aims to create infrastructure for tokenized finance that reflects traditional market trust and operating standards.
