Canton Network, a public blockchain built for regulated financial markets, today completed its first real-world payroll transaction using a private stablecoin on an institutional-grade ledger.
The payment, executed on behalf of an anonymous global company, was facilitated through payroll platform Toku and infrastructure provider Cantor8.
The network’s architecture allows financial institutions to conduct transactions on a decentralized infrastructure while keeping sensitive data confidential. Canton’s main participants include Goldman Sachs, Microsoft, and Deutsche Börse.
Traditional cross-border payroll relies on correspondent banking, which can tie up working capital for days and introduce currency and counterparty risk. Canton’s stablecoin-based rails are designed to allow you to complete payments within minutes at low cost while maintaining privacy regarding your compensation details.
Beyond payroll, pilots and deployments on the network now extend to private stablecoin transfers, tokenized asset settlements, and cross-organizational workflows.
