Major financial institutions, including Bank of America and Circle, utilized the Canton Network for treasury financing and asset conversion.
2 reports, 2 independent
Updated Jul 17
Gone quiet
- Reports
- 2
- Developments
- 3
- Repetition
- 0%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Major financial institutions, including Bank of America and Circle, utilized the Canton Network for treasury financing and asset conversion.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Canton Network successfully piloted Treasury tokenization to digitize financial markets.1 source
- Goldman Sachs and YZi Labs invest in Digital Asset, the creator of the Canton Network, based in the UAE.Sub-event
Financial players used Canton Network for treasury financing using USDC.1 source
Keep exploring
The entities involved
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Canton
former train station in Mississippi, United States
Nothing else this week.
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Bank of America
American multinational banking and financial services corporation
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
Coverage
Newest first; wire copies grouped- prnewswire.com
- CoinDeskWall Street Firms Complete First 24/7 U.S. Treasury Financing Via Tokenization on Canton Network Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain f