Zebec Network Enters Canton Network with Lattice Neobank Partnership

• Zebec Network has announced a new partnership with Lattice Finance, marking its first entry into the Canton network.
• The two will launch the Lattice Card Program, a Mastercard debit card with native CC support and stablecoin funding.

Zebec, a network that offers users continuous real-time payment streaming, has announced a new partnership that gives it access to the Canton Network for the first time.

Zebec is partnering with Lattice Finance to bring real-time crypto and stablecoin payments to Canton, merging its payment streaming service with Lattice’s neobank platform.

“We’re excited to begin actively supporting the next phase of compliant on-chain capital markets,” Zebec stated in its announcement.

The first product under the new partnership is the Lattice Card Program where they will issue a Mastercard debit card on the Canton network that comes equipped with CC support. CC is the native token of the Canton network, and with a market cap of $6.04 billion, is the 15th largest crypto despite only landing on public exchanges last November.

The new card will also enable users to fund it with stablecoins and use these tokens in mainstream payments across millions of retail outlets that support Mastercard. The two companies say they will offer custom onboarding for Lattice users and that there will be no sign-up or recurring fees.

Unlocking Real-World Spending on Canton

Canton has become one of the world’s most important blockchain networks, despite being among the youngest. Built by Digital Asset, the network targets regulated financial institutions which deploy interconnected, permissioned domains. The validators are identifiable institutions, with incentives coming from business agreements, not mining or staking rewards.

As CNF reported earlier this year, Canton has become one of the most important infrastructure providers for Wall Street firms, moving $6 trillion monthly volume.

Zebec says the new partnership will unlock real-world spending on this fast-growing network. Zebec was originally built as a continuous settlement protocol on Solana where users stream payments by the second, rather than one lumpsum transaction. It has grown into a standalone project operating across multiple blockchains.

Zebec commented:

Meanwhile, Canton announced that its network was used today by a group of major global financial firms to execute the first cross-border intraday repurchase agreement using tokenized UK government bonds. The participants included the Depository Trust & Clearing Corporation (DTCC), the London Stock Exchange, Citadel Securities, Societe Generale and Archax.

The transaction is targeting the tokenization of UK treasury bonds, better known as gilts, which are a $2 trillion global market. It was the first time a tokenized gilt was paid for with a tokenized deposit in a currency that was not the British pound. By tokenizing the market, Canton can unlock trillions of dollars in liquidity that’s locked into the conventional trading hours, making it a round-the-clock sector.