Canton Network Partners with Chainlink to Enhance Institutional Adoption
- Canton Network has partnered with Chainlink to expand institutional adoption of blockchain technology.
- The partnership includes the integration of Chainlink's services such as Data Streams, Proof of Reserve, and Cross-Chain Interoperability Protocol into Canton.
- Canton joins the Chainlink Scale program to manage the costs associated with oracle nodes that provide external data to blockchains.
- Chainlink Labs will serve as a Super Validator in Canton's Global Synchronizer, joining over 30 super validators and 500 validators.
- Canton processes $280 billion in daily repo transactions and secures over $6 trillion in tokenized real-world assets.
- The collaboration aims to offer institutions efficient access to tokenized securities, stablecoins, and digital identity tools while maintaining compliance and privacy.
- Chainlink, securing more than $100 billion in decentralized finance, aligns with the demand for tokenized assets and cross-chain applications.
Chainlink's co-founder Sergey Nazarov highlighted the partnership's potential to drive institutional use cases in regulated finance.