Copper Research says that the use of the Canton network, a block chain built for regulated finances, has increased silently, with a validator activity that now includes the main exchanges of the US. UU. Together with banks and infrastructure companies.
Just over a year after the launch, Canton has reached an unparalleled scale for the chains of previous institutional blocks, thanks to the support of Goldman Sachs (GS), HSBC (HSBC) and Broadridge (BR), said the custody signature of cryptographic custody in a Wednesday report.
The report indicated that Broadridge only processes more than $ 5.9 billion monthly in US Treasury repositories. UU. In the network.
Exchanges, including Binance US, Crypto.com and Gemini (GEMI) are also executing validators, while Kraken has indicated a possible token list of Canton. Although no exchange has confirmed the plans, Copper said that such a list is not precedents for a block chain permission supported by the main financial institutions.
The network activity is also accelerating. Canton registered more than 500,000 daily transactions for the end of September, more of the USDC and USDT transfers combined in the same period and that are approaching the volumes of Ethereum. Copper Research emphasized that this activity is already promoted by live institutional applications, not pilots.
According to analysts, favorable regulation and interoperable design focused on Canton’s privacy make it very suitable for shared institutional platforms.
Versana, backed by JPMorgan (JPM) and Wells Fargo (WFC), now has seven world banks that share syndicated loan data, while the Goldman Sachs DAP has supported the emissions of bonds touched.
This institutional adoption is what distinguishes Canton, the report added.
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