Canton Network Sees Surge in Activity, Major Exchanges Join Validators
Copper Research reports a significant increase in usage of the Canton Network, a blockchain designed for regulated finance. Validator activity now includes major U.S. exchanges, banks, and infrastructure firms.
- Canton Network has achieved unmatched scale within its first year, supported by Goldman Sachs, HSBC, and Broadridge.
- Broadridge processes over $5.9 trillion monthly in tokenized U.S. Treasury repos on Canton.
- Exchanges like Binance U.S., Crypto.com, and [Gemini](https://holder.io/coins/gem/) are running validators; Kraken considers listing Canton's token.
- Daily transactions on Canton exceeded 500,000 by September's end, surpassing USDC and [USDT](https://holder.io/coins/usdt/) combined, nearing [Ethereum](https://holder.io/coins/eth/) volumes.
- Live institutional applications drive network activity, not test pilots.
Canton’s privacy-focused, interoperable design is favorable for shared institutional platforms under current regulations. Versana, with backing from JPMorgan and Wells Fargo, shares syndicated loan data among seven global banks. Goldman Sachs’ DAP supports tokenized bond issuances. This institutional adoption distinguishes Canton.