Canton Network is an institution-backed blockchain for regulated finance, launched in May 2023. Its ecosystem includes blue-chip participants such as Goldman Sachs, Microsoft, Deloitte, Cboe Global Markets, BNP Paribas, Broadridge, S&P Global, Moody’s, and Cumberland/DRW, who are working to bring privacy-preserving, interoperable financial applications on-chain.
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Canton is a public, permissioned “network of networks” for smart-contract applications. Each app is written in Daml and runs with selective privacy, while a shared protocol lets apps interoperate and settle atomically without exposing unrelated data. Unlike monolithic L1s, Canton lets each application define its own privacy, scale, governance and cost model yet still compose with others on a single virtual ledger.
We’re an approved Validator Node-as-a-Service provider, authorized by the Tech & Ops Committee to run validators for institutional clients. We met all requirements: production-grade/Kubernetes ops; ≥15 days continuous DevNet/TestNet/Mainnet with 0 rounds missed and timely upgrades; multi-tenant model with key-segregated custody and a documented mint-then-sweep rewards flow; secured keys with customer KMS/wallet control; and 24/7 support with tested disaster recovery.
There’s no global ledger replicated to everyone and no staking/validator elections to produce blocks. Instead, every party keeps only its authorized slice of state (sub-transaction privacy), and applications synchronize via synchronizers that sequence messages while keeping contents encrypted—so integrity doesn’t require global transparency. This design removes the typical PoS trade-off between privacy and verifiability and avoids single-chain congestion.
Institutions run participant nodes for their Daml apps. Inter-app ordering happens on synchronizers; in the Global Synchronizer, independent operators called Super Validators run nodes that reach BFT consensus (≥ 2/3) on sequencing/governance, no single party controls it. Governance is coordinated via the Global Synchronizer Foundation (under the Linux Foundation). Use of the Global Synchronizer is optional; apps can use private synchronizers if preferred.
The Global Synchronizer uses Canton Coin (CC), a utility token implementing a burn-and-mint equilibrium: synchronizer fees are USD-denominated and burned, while new CC is minted by infrastructure/app providers under protocol rules. There was no ICO; parameters (mint cadence, fee levels) are set by Super-Validator supermajority. This mechanism ties CC economics to real application demand rather than speculation.
