Visa has announced it is joining the Canton Network as a Super Validator, becoming one of the first major payments companies to take on a governance and infrastructure role on the public blockchain built for institutional finance. The move is a significant milestone for Canton, bringing one of the world’s most recognized payments brands into its governance layer and signaling that the network has moved beyond its capital markets origins into payments infrastructure.
Canton’s core appeal to regulated institutions is its privacy preserving design, which allows participants to transact on shared infrastructure without exposing sensitive data to other network participants. The underlying technology has already been adopted widely in institutional finance, with Broadridge, HSBC and Goldman Sachs among those using it on permissioned blockchains. The DTCC has plans to go further, intending to tokenize US Treasuries on the public Canton Network itself.
As one of around 40 Super Validators, Visa will hold voting rights on network governance decisions and help client banks bring stablecoin payments, settlement and treasury flows onto Canton without restructuring existing risk and compliance operations. Rubail Birwadker, Visa’s global head of growth products and strategic partnerships, said that many banks see the lack of privacy as a dealbreaker for moving meaningful activity onchain, and that Visa aims to bring its operational standards to the network so regulated institutions can participate without rethinking how they operate.
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