Major Financial Institutions Boost Canton Network's Adoption by Joining Its Global Synchronizer Foundation

Strengthening the Financial Ecosystem: A New Era for Canton Network

On March 19, 2025, the Global Synchronizer Foundation (GSF), in collaboration with the Canton Network, announced a significant milestone in decentralized finance. The addition of three industry giants—Goldman Sachs, Hong Kong FMI Services Limited (HKFMI), and Moody's Ratings—marks a pivotal moment for the Canton Network, a public layer one blockchain known for its privacy and control features. This exciting development underscores the rising confidence and momentum that the Canton Network is generating within the financial services arena.

The Impact of Joining GSF

The entrance of these renowned institutions into the GSF underscores the evolving landscape of the financial sector, specifically in relation to tokenized assets. With the rapid growth of digital finance, market leaders are increasingly inclined to explore synchronized financial markets. This collaboration amplifies the Canton Network’s mission of creating an infrastructure that prioritizes privacy, control, and seamless interactions, elements crucial for regulated financial institutions.

Voices from the New Members

Jorgen Ouaknine, the Chairperson of GSF and Global Head of Innovation & Digital Assets at Euroclear, expressed enthusiasm for the newly joined members, stating, “Each of them enriches our governance while ensuring the Canton Network’s Global Synchronizer remains an open, fair, and trusted blockchain platform.”

Goldman Sachs’ Global Head of Digital Assets, Mathew McDermott, acknowledged the firm’s commitment to blockchain innovation by joining the GSF. He remarked, “We are excited to contribute to the Canton Network’s ecosystem, aligning with our goal of driving innovation in regulated financial markets.” Similarly, Fabian Astic from Moody's Ratings emphasized the importance of their participation in the foundation, highlighting it as a crucial step in their strategy for a robust Digital Economy. “This collaboration offers us insights into the risks and prospects of Digital Finance,” he mentioned, explaining the need to engage with stakeholders in their preferred digital platforms.

The Importance of Decentralized Governance

At the heart of the Canton Network’s innovation is the Global Synchronizer, a vital mechanism promoting real-time synchronization and interoperability among regulated financial assets. Distinctly, the Canton Network diverges from traditional systems that depend on centralized governance and data silos. Instead, it benefits from a governance model that comprises community participants—financial institutions, fintech innovators, and service providers—ensuring no single organization has autonomy over the network. This collaborative framework fosters greater trust, resilience, and innovation.

Goldman Sachs, HKFMI, and Moody's Ratings are set to play crucial roles in the governance and expansion of this decentralized network. The GSF operates independently in the U.S., bringing together progressive market participants committed to establishing transparent, decentralized governance, maintaining neutrality to uphold the network's integrity. With support from the Linux Foundation, the GSF thrives in an open governance model that cultivates trust among users.

Driving Innovation Forward

The addition of these financial heavyweights to the Canton Network’s GSF, which now boasts over 30 participants—including notable names like Broadridge and Tradeweb—further solidifies its status as a leading infrastructure in the sector. The influx of industry leaders signifies the growing demand for a decentralized public blockchain capable of addressing the distinct challenges of global capital markets while ensuring privacy.

About the Global Synchronizer Foundation (GSF)

The GSF is dedicated to fostering the development and governance of the Global Synchronizer within the Canton Network. It aims to facilitate transparency and member engagement, ensuring reliable service for all stakeholders involved. By enabling atomic transactions across sovereign blockchains without compromising privacy, the GSF plays a critical role in the growth of blockchain applications.

Discovering the Canton Network

The Canton Network stands out as the only public blockchain designed for financial markets, offering indispensable on-chain privacy for seamless asset and capital movement on decentralized rails. With over $3.6 trillion in tokenized assets, it effectively synchronizes traditionally siloed systems while meeting the privacy and control needs essential for navigating both traditional finance and cryptocurrency landscapes. Launched in July 2024, the network is governed by the Global Synchronizer Foundation, aiming for neutrality and fostering innovation within the ecosystem.

For more insight into the Canton Network and the GSF, visit Canton's official site.