Canton Network: Wall Street’s Hidden Blockchain Settles $350 Billion in Daily Repo Trades

TLDR:

• Canton Network processes $350 billion in daily repo transactions across over 600 validator nodes globally 
• DTCC tokenizing U.S. Treasuries on Canton with SEC approval, targeting MVP launch in first half of 2026 
• JPMorgan’s Kinexys announced plans to issue JPM Coin deposit token natively on Canton Network in January 
• Platform carries over $6 trillion in tokenized real-world assets with privacy features for regulated firms
  

Canton Network has emerged as a major institutional blockchain infrastructure, processing $350 billion in daily repo transactions.

The Layer 1 blockchain carries over $6 trillion in tokenized real-world assets across more than 600 validator nodes.

Major financial institutions, including JPMorgan, DTCC, Goldman Sachs, and Franklin Templeton, have deployed production systems on the network.

The platform handles over 700,000 daily transactions while maintaining privacy requirements for regulated financial institutions.

Privacy-First Architecture for Regulated Finance

Canton Network operates as a Layer 1 blockchain designed specifically for financial institutions moving real-world assets on-chain.

Digital Asset built the platform around privacy between counterparties, rapid settlement, and native compliance features.

Traditional public blockchains display every transaction to all network participants, creating legal obstacles for banks required to maintain client confidentiality.

Delphi Digital noted that “$350 billion a day settles on a blockchain many people have never heard of.” The network solves privacy challenges through DAML smart contracts that embed access and authorization rules directly into assets and transactions.

Two firms can complete trades without exposing details to outside parties. Regulators maintain necessary access while other network participants cannot view unrelated activity.

Settlement happens atomically, eliminating the multi-day clearing processes common on traditional financial rails. Both sides of trades execute simultaneously, removing windows where one party has delivered while the other has not.

According to the analysis, “there is no window where one party has delivered, and the other hasn’t,” eliminating risk categories in repo markets where hundreds of billions move daily.

The platform enables different financial applications to interact natively across the network. A tokenized treasury on one platform can serve as collateral on another platform within a single transaction.

Cross-application settlement between regulated institutions occurs without central intermediaries, a capability not previously demonstrated at this scale.

Production Deployments from Major Institutions

Daily repo volumes reached $350 billion in recent months, up from $280 billion in August 2025. Broadridge operates its entire Distributed Ledger Repo platform on the network as the first major live deployment. Banks and institutions use repo markets to borrow short-term against Treasury collateral.

DTCC is tokenizing U.S. Treasury securities on Canton Network, backed by SEC No-Action Letter approval. The project targets an MVP release in the first half of 2026 with broader rollout planned for later that year.

DTCC joined the Canton Foundation as co-chair alongside Euroclear. As observers emphasized, this is “not a test. Not a pilot.”

Franklin Templeton expanded its tokenized fund platform to the network, joining Goldman Sachs, BNP Paribas, and Deutsche Börse.

JPMorgan’s blockchain unit Kinexys announced plans to issue JPM Coin, its USD deposit token, natively on Canton Network in January.

Fireblocks subsequently integrated the platform and became a Super Validator, providing regulated custody for institutional clients.

The validator network includes HexTrust and Tharimmune, the first NASDAQ-listed company operating as a super validator. These regulated firms run production systems processing real transactions under regulatory oversight.

The network lacks public block explorers, reflecting its institutional focus. As noted, “Canton was not built for retail. It was built for the firms that move your money.”

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