Canton Network, a block chain built for regulated finance, has reached a strategic association with Chainlink to expand institutional adoption.
The agreement, announced on Wednesday, will see Canton integrate the Chainlink services set, including data flows, the reserve test and its cross -chain interoperability protocol. Canton has also joined the Chainlink scale program, which helps cover the costs of executing Oracle nodes that feed information external to blockchains.
Chainlink Labs will assume Super Validator’s role in the Global Synchronizer in Canton, a system designed to maintain transactions throughout the synchronized network. That places the chain link along with a list of more than 30 super validators and 500 validators that already support Canton, which processes $ 280 billion in transactions of daily repository and obtains more than $ 6 billion in real world assets tokenized.
For institutions, the agreement could mean faster access to tokenized, stable and digital identity tools without sacrificing compliance or privacy. Imagine a bank that emits tokenized bonds in Canton and trusts Chainlink to confirm collateral values ​​in real time, a scenario designed to reduce costs while reducing the risk of counterpart.
Chainlink already ensures more than $ 100 billion in decentralized finances and has helped to facilitate $ 25 billion in transaction value. Its entry into Canton aligns with the growing demand of financial companies that explore tokenized assets and cross -chain applications.
“The collaboration brings together Canton’s approach in the Finance regulated with Chainlink infrastructure, racing the way for cases of institutional use of the real world,” said Chainlink co -founder Sergey Nazarov in the statement.
