The Canton Network, a blockchain platform purpose-built for traditional finance, is powering some of Wall Street's most significant on-chain ventures, handling over $300 billion in daily volume and a staggering $6 trillion monthly. This activity is primarily driven by Broadridge, one of the world's largest financial market infrastructure providers, which processes over $15 trillion daily. Broadridge built its distributed ledger repo (DLR) on Canton in 2023, enabling instant collateral settlement in the repo market.
Contrary to assumptions that established networks like Ethereum or Solana would dominate institutional adoption, Canton has emerged as the star for regulated finance. Founded by Wall Street veterans through Digital Asset, the network uses the DAML programming language, which is designed for financial contracts and offers privacy by default—a critical feature for traditional finance where transaction details are kept confidential.
The network's growth is set to accelerate further with the impending integration of the Depository Trust and Clearing Corporation (DTCC), which holds over $100 trillion in assets under custody. Following a no-action letter from the U.S. Securities and Exchange Commission (SEC), DTCC selected Canton as its tokenization partner. This integration would automatically position Canton as the leading on-chain ecosystem for institutional assets.
Market activity reflects this fundamental strength. The Canton token (CAN) surged 100% over the past month to a market capitalization of $5.73 billion, trading around $0.1551. While the price has shown short-term consolidation, analysts note a strong bullish daily structure supported by steady buying pressure and growing network usage. Key support levels are identified at $0.122 and $0.110, with resistance near $0.132-$0.133.
