Copper Research indicates that the use of the Canton network, a blockchain built for regulated finances, has discreetly increased, with a validator activity, including the main American exchanges alongside banks and infrastructure companies.
A little more than a year after the launch, Canton reached a scale unmatched by previous institutional blockchains, thanks to the support of Goldman Sachs (GS), HSBC (HSBC) and Broadridge (BR), said the cryptographic police custody in a Wednesday report.
The report noted that Broadridge alone deals with more than $ 5.9 billions per month in US Treasury benchmarks tokenized on the network.
Exchanges including Binance US, Crypto.com and Gemini (GEMI) also perform validators, while Kraken has reported a possible list of canton token. Although no exchange confirmed the plans, Copper said that such registration would be unprecedented for an authorized blockchain supported by major financial institutions.
The network activity also accelerates. Canton has recorded more than 500,000 daily transactions by the end of September, more than USDC and USDT transfers combined during the same period and approaching Ethereum volumes. Copper research stressed that this activity is already motivated by live institutional applications, not the pilots.
According to analysts, favorable regulations and interoperable design focused on canton privacy make it well suited to shared institutional platforms.
Versana, supported by JPMorgan (JPM) and Wells Fargo (WFC), now has seven world banks sharing unionized loan data, while Goldman Sachs DAP has taken care of tokenized bonds.
This institutional adoption is what distinguishes canton, added the report.
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