The on-chain transactions on the Canton Network represent another industry-first in bringing TradFi and DeFi together.
A consortium of financial institutions announced the completion of a third set of transactions on the Canton Network.
The transactions involved cross-border intra-day activity across multiple assets and currencies, and
leveraged tokenised deposits at LSEG Digital Settlement House (LSEG DiSH) to provide
greater liquidity options, marking a major milestone for the industry. Members of the working group include Digital Asset, Societe Generale, and Virtu Financial.
Building off Canton Network’s Global Collateral Network, the transactions saw cross-border intra-day repurchase using multiple currencies and asset classes, a larger working group with more new institutional participants, and increased liquidity via tokenised deposits.
Jorgen Ouaknine, Global Head of Innovation and Digital Assets, Euroclear, said: “By combining our strong position at the heart of global collateral flows with our strategy to become a fully digital and data-enabled infrastructure, we aim to unlock new forms of liquidity and deliver real benefits for our clients.”
“This milestone lays the groundwork for a truly global collateral network with on-chain liquidity for high-quality assets,” said Kelly Mathieson, Chief Business Development Officer, Digital Asset.
“Tokenising DiSH Cash on Canton has allowed our customers to take advantage of our unique interoperable commercial bank money solution, on-chain, for settlement vs other tokenised assets,” said Bud Novin, Head of Payment Systems, Post Trade Solutions, LSEG.
The working group aims to continue collaborating on additional groundbreaking on-chain financing initiatives in 2026.
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