Microsoft, Goldman, Cboe Team Up For Blockchain For Institutional Crypto Assets
Goldman Sachs, Deloitte, Cboe Global Markets, Microsoft, and Digital Asset are collaborating on the development of Canton Network, a blockchain network for institutional crypto assets. The goal of the network is to create a decentralized infrastructure that enables different applications built with Daml to interact and synchronize assets, data, and cash across previously siloed systems in financial markets.
The collaboration highlights the potential for blockchain technology to transform the financial industry. By creating an interconnected network that can handle multiple assets and transactions, Canton Network has the potential to greatly improve efficiency and reduce costs. As more institutions embrace blockchain technology, it is likely that we will see similar collaborations emerge, further advancing the adoption and integration of blockchain in traditional financial markets.