BNP Paribas and HSBC Join Privacy-Focused Blockchain Canton

Group 1 - BNP Paribas and HSBC have joined the Canton Network, a permissioned and privacy-centric blockchain popular with banks and large financial institutions [1] - The Canton Network hosts more than $3.6 trillion in tokenized assets and allows trades and settlements across different networks without compromising data control [2] - BNP Paribas aims to enhance its digital transformation strategy and collaborate on blockchain applications in client services, while HSBC seeks to improve liquidity in digital asset markets [3] Group 2 - The Canton Foundation has over 30 members, including Broadridge, Tradeweb, and Digital Asset, aiming to create infrastructure for tokenized finance that mirrors traditional market standards [4]