The Canton Network, a blockchain platform designed for regulated financial markets, has formed a strategic alliance with Chainlink to accelerate institutional adoption of blockchain technology.
Announced on Wednesday, this partnership will integrate Chainlink's comprehensive services—such as Data Streams, Proof of Reserve, and the Cross-Chain Interoperability Protocol—into the Canton ecosystem. Additionally, Canton has become a member of the Chainlink Scale program, which subsidizes the operational expenses of oracle nodes that supply external data to blockchains.
Chainlink Labs will serve as a Super Validator within Canton's Global Synchronizer framework, a mechanism that ensures transaction consistency across the network. This positions Chainlink among over 30 super validators and 500 validators currently supporting Canton, which handles $280 billion in daily repo transactions and safeguards more than $6 trillion in tokenized real-world assets.
For financial institutions, this collaboration promises expedited access to tokenized securities, stablecoins, and digital identity solutions while maintaining regulatory compliance and privacy standards. For instance, a bank could issue tokenized bonds on Canton and utilize Chainlink to verify collateral values in real-time, thereby lowering costs and mitigating counterparty risks.
Chainlink already protects over $100 billion in decentralized finance (DeFi) and has enabled $25 trillion in transaction volume. Its integration with Canton responds to increasing interest from financial entities in tokenized assets and cross-chain functionalities.
"This partnership merges Canton's expertise in regulated finance with Chainlink's robust infrastructure, creating pathways for practical institutional applications," stated Chainlink co-founder Sergey Nazarov in the official announcement.