Canton Network: Goldman Sachs, Microsoft and the Chicago Stock Exchange launch their own blockchain

The Canton Network blockchain arrives in force – The very rich institutional investors (the “zinzins”) are already happy to be able to stake ethers (ETH)without the problem of not being able to remove them, since the update Shanghai on Ethereum. But it seems that this is still not enough, because their appetite for the universe of Bitcoin (BTC) and crypto-assets (and their technologies) is endless.

According to a article published on May 9, 2023 on The Trade, very big names announce that they have joined forces to start a blockchain network clearly aimed at institutions, banks and large companies. The software giant Microsoftthe mega-bank Goldman Sachsthe Chicago Stock Exchange Cboe Global Marketsand one of the largest audit firm on the planet, Deloitteannounce their common desire to launch the blockchain « Canton Network ».

This blockchain network aims to connect institutions between them. Non-US groups are also part of the project: the German specialist in stock market operations Deutsche Boerse Groupet the French banking group BNP Paribas. The capabilities of this Canton Network will be tested from next July. The crypto business Paxos will also be involved in this institutional blockchain project.

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