GSN joins Canton Network as a validator, introducing on-chain credentials to streamline KYC and AML workflows.
The Global Settlement Network (GSN) has been approved as a validator and featured application on the Canton Network. As part of this role, GSN is deploying GSX ID, a credentialing platform designed to manage compliance across tokenised capital markets.
The integration of GSX ID is intended to address the fragmentation of compliance checks, where participants typically repeat verification processes for every counterparty. GSX ID allows institutions to verify credentials once and reuse them across the network, covering KYC, AML, and investor-qualification requirements.
Kyle Sonlin, Co-Founder and President of Global Settlement Network, said: “Right now, institutions are repeating the same verification process every time they transact. That simply doesn’t scale, and it’s one of the main reasons tokenised markets haven’t reached their full potential. GSX ID changes that by allowing compliance to move with the participant, rather than sitting separately from it.”
The integration involves several ecosystem partners, including Texture Capital, Black Manta Capital Partners, and Particula. Texture Capital will manage broker-dealer distribution and investor verification in the United States, while Black Manta Capital Partners will handle cross-border tokenisation and distribution in Europe.
Viv Diwakar, Head of the Canton Foundation, said: “Canton was designed to support regulated financial institutions operating at scale, and that requires infrastructure partners that meet the same standard. Bringing a credentialing layer like GSX ID directly into the network will make it easier for ecosystem participants to onboard and transact, while still meeting regulatory and compliance requirements.”
Standardised risk data and identity management are becoming technical requirements as tokenised markets transition towards protocol-level compliance, and the deployment aims to create a framework where identity and risk are embedded within the transaction system.
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