Below the Surface: How Canton Network Is Reshaping Capital Market Infrastructure

The RWA market is evolving beyond simple asset digitization toward a wholesale reconstruction of global financial infrastructure, including clearing, settlement, and liquidity networks. While BlackRock’s BUIDL fund has reached a $2.5 billion market cap, the true structural shift is occurring through platforms like the Canton Network, which enables atomic settlement and 24/7 operations. Broadridge currently processes approximately $7.7 trillion in onchain repo transactions monthly, demonstrating that institutional-grade blockchain adoption is already live. The Hong Kong government’s HKD 6 billion digital green bond issuance further highlights the integration of issuance and distribution on a single ledger. By utilizing the Daml smart contract language, the Canton Network provides a compliant, permissioned environment that satisfies Basel Committee requirements for global banks. Major Korean institutions, including Shinhan and KB Securities, are now joining this ecosystem to capitalize on new security token legislation. This transition mirrors the internet's 1996 inflection point, where early infrastructure adopters are positioning themselves to define the future of global capital markets.