Goldman Sachs-backed Canton Network has integrated with cross-chain protocol LayerZero to support the movement of digital assets between blockchains, The Block reported on March 26.
Canton Network is designed as a blockchain for financial institutions. The integration enables it to connect to more than 165 public blockchains.
Digital Asset, a key developer of Canton Chain, raised $135 million in investment last year. It is backed by Goldman Sachs, Microsoft and DTCC, among others.
LayerZero is working with Canton Chain with the goal of connecting legacy financial systems and blockchains.
Canton Network already processes $350 billion a day in U.S. Treasury repo transactions. Major financial institutions including BNP Paribas, Goldman Sachs and Tradeweb are participating in network tests.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr