Canton Network, a blockchain built for regulated financing, has hit a strategic partnership with chainlink to expand institutional adoption.
The agreement, which was announced on Wednesday, will see Canton integrate chainlinks package with services, including data streams, proof of reserve and its interoperability protocol across the chain. Canton has also joined the Chainlink Scale program, which helps cover the cost of running Oracle nodes that feed external data to blockchains.
Chainlink Labs will take on the role of super validator in Canton’s Global Synchronizer, a system designed to keep transactions across the network synchronized. It places chainlink along with a list of more than 30 supervalidators and 500 validators already supporting Canton, which processes $ 280 billion in daily repo transactions and secures over $ 6 trillion in tokenized assets in the real world.
For institutions, the agreement may mean faster access to tokenized securities, stableecoin and digital identity tools without sacrificing compliance or privacy. Imagine a bank that emits tokenized bonds on Canton and is dependent on chainlink to confirm real -time security values - a scenario designed to reduce costs while reducing the counterparty risk.
Chainlink already ensures more than $ 100 billion across decentralized funding and has helped to facilitate $ 25 trillion in transaction value. Its entry into Canton is in line with the increasing demand from financial companies investigating tokenized assets and cross-cutting chain applications.
“The collaboration is gathering Canton’s focus on regulated financing with Chainlink’s infrastructure and paving the way for the real world’s institutional use cases,” said chainlink co-founder Sergey Nazarov in release.
