The Canton Network, a permissionless blockchain designed for institutional finance, has announced a strategic integration with Chainlink to accelerate the adoption of blockchain technology by major financial institutions. This partnership will see Canton leverage Chainlink's suite of solutions, including Data Streams, the Cross-Chain Interoperability Protocol (CCIP), SmartData, and Proof of Reserve. Additionally, Canton has joined the Chainlink Scale program, which helps reduce operational costs for oracle node integration.
As part of the deal, Chainlink Labs will become a Super Validator within Canton's Global Synchronizer system, joining over 30 super validators and 500 validators that support the network. Canton currently processes approximately $280 billion in daily repo transactions and secures over $6 trillion in tokenized real-world assets. The integration aims to facilitate faster access to tokenized securities, stablecoins, payments, and digital identity tools for institutions, enhancing compliance and privacy.
Chainlink's infrastructure is already widely adopted, with its total value secured recently surpassing $100 billion and having powered over $25 trillion in transaction value. Key participants in the Canton Network include financial heavyweights like BNP Paribas, HSBC, Bank of America, Morgan Stanley, and Nasdaq. Yuval Rooz, CEO of Digital Asset, stated, "By bringing its community and solutions to Canton, Chainlink not only strengthens our governance and resilience but also broadens the opportunities for innovators across traditional and decentralized finance." Similarly, Chainlink co-founder Sergey Nazarov emphasized that the collaboration paves the way for real-world institutional use cases.