Canton Network, a blockchain built for regulated finances, concluded a strategic partnership with Chainlink to expand institutional adoption.
The agreement, announced on Wednesday, will see Canton integrate the suite of services of Chainlink, including data flows, proofs of reserve and its cross -interoperability protocol. Canton has also joined the ChainLink scale program, which helps cover the costs of the execution of oracle nodes which feed external data in blockchains.
ChainLink Labs will assume the role of Super Validator in the world’s world synchronizer, a system designed to maintain transactions through the synchronization network. This places the chain next to a list of more than 30 super validators and 500 validators already supporting Canton, which deals with $ 280 billion in daily repo transactions and secures more than 6 billions of dollars in tokenized active assets.
For institutions, the agreement could mean faster access to tokenized titles, stablescoins and digital identity tools without sacrificing compliance or privacy. Imagine a bank issuing tokenized obligations on canton and count on the chain to confirm the collateral values in real time – a scenario designed to reduce costs while reducing the counterparty risk.
ChainLink already provides more than $ 100 billion through decentralized funding and has helped to facilitate 25 billions of dollars in transaction value. Its entry into the canton aligns with the growing demand for financial companies exploring tokenized assets and crossed applications.
“The collaboration brings together the concentration of canton on regulated finance with the infrastructure of Chainlink, paving the way for institutional use of the real world,” said the co-founder of Chainlink, Sergey Nazarov, in the press release.
