BNP Paribas and HSBC join Canton Foundation

Source: The Canton Foundation

The Canton Foundation announced today that BNP Paribas and HSBC have joined the foundation.

The addition of these new members continues the momentum established in March this year when Goldman Sachs, Hong Kong Financial Market Infrastructure Limited (HKFMI), and Moody’s Ratings joined, highlighting the growing trust of global financial institutions in the Canton Network and its strategic importance in the evolution of global financial infrastructure.

The inclusion of new members demonstrates the collective efforts of the financial industry to embrace decentralized technology, which prioritizes data privacy, operational control, and large-scale interoperability. As tokenized finance accelerates, the joining of BNP Paribas and HSBC marks another key step for the Canton Network in synchronizing global capital market processes.

Melvis Langyintuo, Executive Director of the Canton Foundation, stated: "We are delighted to welcome BNP Paribas and HSBC to the Canton Foundation. As we continue to build an open, neutral, and robust blockchain foundation for regulated markets, their participation will strengthen the governance and strategic direction of the Canton Network."

Hubert de Lambilly, Head of Global Markets for Continental Europe, Middle East, and Africa at BNP Paribas, said: "Joining the Canton Foundation demonstrates BNP Paribas’ ongoing commitment to digital transformation and the adoption of distributed ledger technology to meet our clients’ evolving needs. Participating in this initiative provides us with a valuable opportunity to collaborate with key industry players and jointly promote the long-term role of blockchain technology in regulated financial sectors."

John O’Neill, Head of Digital Assets and Currencies at HSBC Group, stated: "Driving liquidity in digital asset markets requires an ecosystem with strong connectivity and market access. Joining the Canton Foundation will help HSBC continue to drive the transition to new infrastructure, supporting complex multi-asset transactions in a trusted and transparent manner."

Global Synchronizer provides the critical infrastructure for digital asset synchronization across permissioned blockchains on the Canton Network. The Canton Foundation is governed by industry stakeholders including fintech companies, service providers, and leading global banks, ensuring decentralized and neutral governance of this key component.

With the addition of BNP Paribas and HSBC, the Canton Foundation now has over 30 members, including institutions such as Broadridge, Tradeweb, and Digital Asset, as well as recent additions like Goldman Sachs, HKFMI, and Moody’s Ratings. These institutions are collectively shaping a decentralized ecosystem aimed at supporting real-world financial applications with high regulatory and operational standards.

About the Canton Foundation

The mission of the Canton Foundation is to promote the growth and governance of the Global Synchronizer within the Canton Network. Through transparent decision-making by Global Synchronizer operators (super validators) and member participation mechanisms, the foundation ensures reliable, fair, and trustworthy services for the Canton Network. Blockchain applications within the Canton Network can achieve atomic transactions across independent blockchains via the Global Synchronizer, while ensuring privacy and control. For more details, please click here.

About the Canton Network

The Canton Network is the only permissioned blockchain in the financial industry with on-chain privacy features, which are crucial for enabling seamless asset and capital flows on decentralized open rails. With over $3.6 trillion in on-chain tokenized assets, it synchronizes previously siloed systems at a verified institutional scale, offering unprecedented configurable privacy and control features, and unlocking asset liquidity between traditional finance and the crypto ecosystem. This infrastructure was launched in July 2024 and is governed by the Canton Foundation to ensure organizational neutrality and foster ecosystem innovation. For more details, please click here.