Major Companies Collaborate to Launch Global Blockchain Network for Financial Institutions.
Microsoft, Goldman Sachs, and other firms are partnering with Digital Asset to launch the Canton blockchain network for financial institutions. The network will be privacy-enabled and interoperable, allowing synchronization of previously siloed financial markets. Testing will begin in July, and participants include BNP Paribas, Cboe Global Markets, Paxos, Deloitte, and others. The network is built on Digital Asset's smart contract language, Daml, and will have extensive privacy controls and the ability to achieve the scale and performance needed by major financial institutions.