1 month ago
Canton Network, a blockchain built for regulated finance, has struck a strategical concern with Chainlink to broaden organization adoption.
The agreement, announced Wednesday, volition spot Canton integrate Chainlink’s suite of services, including Data Streams, Proof of Reserve, and its Cross-Chain Interoperability Protocol. Canton has besides joined the Chainlink Scale program, which helps screen the costs of moving oracle nodes that provender outer information into blockchains.
Chainlink Labs volition instrumentality connected the relation of Super Validator successful Canton’s Global Synchronizer, a strategy designed to support transactions crossed the web successful sync. That places Chainlink alongside a roster of much than 30 ace validators and 500 validators already supporting Canton, which processes $280 cardinal successful regular repo transactions and secures implicit $6 trillion successful tokenized real-world assets.
For institutions, the woody could mean faster entree to tokenized securities, stablecoins, and integer individuality tools without sacrificing compliance oregon privacy. Imagine a slope issuing tokenized bonds connected Canton and relying connected Chainlink to corroborate collateral values successful existent time—a script designed to chopped costs portion reducing counterparty risk.
Chainlink already secures much than $100 cardinal crossed decentralized concern and has helped facilitate $25 trillion successful transaction value. Its introduction into Canton aligns with increasing request from fiscal firms exploring tokenized assets and cross-chain applications.
“The collaboration brings unneurotic Canton’s absorption connected regulated concern with Chainlink’s infrastructure, paving the mode for real-world organization usage cases,” Chainlink co-founder Sergey Nazarov said successful the release.
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