Canton Network Sees Institutional Blockchain Adoption Surge with Major Banks and Exchanges

The Canton Network, a blockchain designed for regulated finance, has experienced rapid growth just a year after its launch. According to a new report from Copper Research, the network is scaling faster than any previous institutional blockchain, driven by adoption from leading global banks, exchanges, and infrastructure providers. Backed by major players such as Goldman Sachs (GS), HSBC (HSBC), and Broadridge (BR), Canton is becoming a cornerstone for tokenized finance.

Broadridge alone is processing more than $5.9 trillion monthly in tokenized U.S. Treasury repos on the network, demonstrating the real-world impact of Canton’s technology. At the same time, prominent U.S. exchanges—including Binance U.S., Crypto.com, and Gemini—are now operating validators, while Kraken has hinted at a potential listing of Canton’s token. If that materializes, it would mark a historic step, as no permissioned blockchain backed by global financial institutions has ever been listed on a major crypto exchange.

Canton’s transaction activity has also accelerated significantly. By the end of September, the network recorded over 500,000 daily transactions, surpassing the combined activity of USDC and USDT transfers and approaching Ethereum’s volume. Copper Research highlighted that this surge is powered by live institutional applications rather than experimental pilots, setting Canton apart from earlier blockchain projects.

Key institutional initiatives are fueling adoption. Versana, backed by JPMorgan and Wells Fargo, has seven global banks sharing syndicated loan data on Canton. Meanwhile, Goldman Sachs’ Digital Asset Platform (DAP) has already facilitated tokenized bond issuances. Analysts believe that Canton’s privacy-focused, interoperable architecture, along with supportive regulation, makes it uniquely positioned for enterprise-scale adoption.

This growing momentum underscores how financial institutions are embracing blockchain beyond pilots, making Canton one of the most promising platforms for regulated digital finance.