Major Banks Test Blockchain Technology
March 13, 2024
Several leading financial institutions, including Goldman Sachs, BNY Mellon, and Cboe Global Markets, have completed testing of the Canton Network communication system, which has been operational for a year. The system is designed for institutional assets and serves as an interoperable blockchain network. Institutional investors conducted over 350 simulated transactions through distributed ledger technology in areas such as tokenized assets, fund recording, digital cash, repo, securities lending, and margin management.
