DLT developer Digital Asset, the founder of the Canton Network, is partnering with Ownera to improve interoperability and the distribution of tokenized assets. There will be a Canton Network node on the Ownera FinP2P routing network.
In the early days of enterprise blockchain, institutions collaborated in several consortia. Some of these have fallen by the wayside. Instead there are now many standalone DLTs launched by single institutions creating a new set of silos. That’s despite fragmentation being one of the key issues that blockchain aims to solve.
The Canton Network is one effort to address this, enabling interoperability between networks that adopted Digital Asset’s Canton technology. Some applications using Canton include Broadridge’s DLR repo and the DLTs of big banks such as Goldman Sachs’ GS DAP, HSBC’s Orion and the tokenization platform from BNP Paribas, although each DLT has to choose to opt in to the Canton Network. However, that doesn’t address interconnectivity with other blockchain technologies.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
