Institutions on Canton Network
Institutional players are moving significant activity onto the Canton Network: Broadridge reported processing $354 billion daily in repo volume, and HSBC completed a tokenized deposits pilot while JPMorgan reportedly plans integration. Those announcements point to multiple large firms testing permissioned, on-chain settlement and programmable-deposit experiments. (x.com) (coingape.com)
Wall Street firms are pushing more real transactions onto the Canton Network, with Broadridge alone averaging $354 billion a day in repo trades in March. (broadridge.com) Broadridge said on April 9 that its Distributed Ledger Repo platform processed nearly $8 trillion in March volume, up 392% from a year earlier. The company said those trades were repo transactions, a short-term funding deal in which securities are sold and later repurchased. (broadridge.com) (newyorkfed.org) A blockchain ledger is a shared record book, and Canton is built so regulated firms can share records without exposing every trade to every participant. Digital Asset’s white paper says each application can set its own privacy, permissions, and governance while still connecting to a broader network. (digitalasset.com) (canton.network) HSBC said on April 13 that it completed a pilot on Canton simulating the issuance, transfer, and atomic settlement of its Tokenised Deposit Service. In plain terms, atomic settlement means the money leg and the asset leg complete together, or neither does. (businesswire.com) (financialit.net) HSBC launched that deposit service for corporate clients in Hong Kong in 2025, then expanded it for cross-border use in September 2025. On April 13, 2026, the bank said the service was also becoming available in the United States for eligible corporate and institutional clients, subject to approvals and onboarding. (hsbc.com) (treasurytoday.com) (businesswire.com) JPMorgan has also signaled plans to put its deposit token on Canton. CoinDesk reported on January 7 that the bank’s Kinexys unit planned to issue JPM Coin natively on the network to support round-the-clock digital settlement. (coindesk.com) The network’s pitch is not retail crypto trading. Canton’s own materials describe a system for capital markets, payments, and tokenized assets, with privacy controls aimed at banks, market utilities, and other regulated institutions. (canton.network 1) (canton.network 2) Other market plumbing is moving the same way. In December 2025, the Depository Trust & Clearing Corporation said it was working with Digital Asset and Canton to tokenize securities held at The Depository Trust Company, starting with U.S. Treasuries. (dtcc.com) Taken together, the recent announcements show banks and post-trade firms testing whether cash, collateral, and settlement can move on shared ledgers without giving up the privacy rules that govern traditional markets. (broadridge.com) (businesswire.com) (coindesk.com)
