- Transaction activity on the Canton Network has sharply increased, with major U.S. crypto exchanges now participating as validators.
- The network, designed for regulated financial institutions, is backed by companies like Goldman Sachs, HSBC, and Broadridge.
- Broadridge processes over $5.9 trillion in tokenized U.S. Treasury repos monthly on Canton.
- Daily transaction volumes surpassed 500,000 by late September, outpacing popular stablecoins and approaching Ethereum network volumes.
- Canton’s adoption by leading banks and exchanges marks a first for a permissioned blockchain in traditional finance.
The Canton Network, a blockchain platform built specifically for regulated finance, has recently seen a significant boost in usage. Within just one year of operation, activity from major players—especially U.S. exchanges, banks, and financial infrastructure providers—has increased, according to findings published by Copper Research.
The report highlights that the network’s validator base now includes top exchanges such as Binance U.S., crypto.com, and Gemini. Kraken has also indicated interest in potentially listing Canton’s token, which would be an unprecedented move for a blockchain that requires special approval to join and is supported by major financial institutions.
According to Copper, Broadridge alone is responsible for processing over $5.9 trillion in tokenized U.S. Treasury repurchase agreements (repos) every month on the Canton Network. “Canton recorded more than 500,000 daily transactions by September’s end, more than USDC and USDT transfers combined in the same period and approaching Ethereum’s volumes,” the research stated. The report also said, “This activity is already driven by live institutional applications, not pilots.”
The network’s rapid growth is also linked to favorable regulatory conditions and its strong focus on privacy and interoperability, Copper’s analysts noted. These features make Canton suitable for large institutions needing to securely share and manage data or assets. For example, Versana, backed by JPMorgan and Wells Fargo, now uses Canton for sharing syndicated loan information among seven global banks, while Goldman Sachs’ DAP has facilitated tokenized bond issuances.
According to the report, the key factor distinguishing the Canton Network is its adoption by established financial players for real, operational uses—not just experimental projects. For more information, see how ChainLink-chosen-by-privacy-focused-blockchain-canton-to-push-institutional-adoption/”>Chainlink has partnered with Canton to enhance institutional adoption.
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