Canton Network Launches Cross-Border Repo, Unlocking $300 Trillion via Asset Tokenization

The Canton Network, a blockchain-based financial system, has successfully initiated its first live cross-border repurchase agreement (repo) transaction. This pilot program, involving participants like Goldman Sachs, BNP Paribas, and DTCC Digital Assets, demonstrates the practical application of tokenizing real-world assets (RWA) for institutional finance. The core innovation lies in using a single, distributed ledger to synchronize settlement across multiple asset types—bonds, cash, and equities—simultaneously. This breakthrough aims to unlock liquidity in the estimated $300 trillion market for traditionally illiquid private assets by enabling seamless, atomic settlement across borders and reducing counterparty risk. The move is seen as a major step towards interoperable blockchain networks in global capital markets.