#InstitutionalBlockchain
2 articles tagged #InstitutionalBlockchain — curated RWA tokenization coverage.
#CantonNetwork#Citi#CrossBorderPayments#CyberSecurity#DeFi#DigitalAsset#StandardChartered#TokenizedDeposits
8.5
Infrastructure
fintechfutures.com·1d ago
SCB debuts Citi's 24/7 USD Clearing and Citi Token Services solution
Standard Chartered Bank (SCB) has officially integrated Citi’s 24/7 USD Clearing and Citi Token Services to enhance its cross-border payment capabilities. This collaboration allows SCB to leverage Citi’s institutional-grade blockchain-based solution, enabling near-instantaneous settlement of USD transactions around the clock. By utilizing Citi Token Services, SCB can facilitate programmable financial services and automated liquidity management, moving away from traditional batch-processing limitations. This integration marks a significant milestone for the RWA market as it demonstrates how major global banks are adopting tokenized deposits to improve operational efficiency and capital velocity. The move underscores a broader industry shift toward interoperable blockchain infrastructure for institutional treasury management. As traditional banking giants adopt these tokenized solutions, the friction associated with legacy correspondent banking networks is substantially reduced. This development signals increased institutional confidence in private, permissioned ledgers for high-value settlement processes.
7.5
Infrastructure
Canton Network's Design Seen as Guard Against State-Sponsored Hacks, Says Digital Asset CEO
Digital Asset CEO Yuval Rooz highlights that financial institutions are increasingly prioritizing security against state-sponsored hacking groups, particularly those linked to North Korea, which have stolen over $6 billion since 2017. The April 2026 Kelp DAO exploit, resulting in a $290 million loss, underscored the vulnerability of DeFi protocols to sophisticated, multi-month infiltration campaigns. In response, the DeFi United initiative successfully raised 132,650 ETH, valued at approximately $303 million, to mitigate losses for affected users. Rooz argues that the Canton Network, a public, permissioned blockchain launched in 2024, offers a superior architecture for institutions by allowing participants to implement specific guardrails on subnets and assets. This design aims to prevent illicit actors from operating within the network, addressing the fiduciary obligations of traditional financial entities. The discourse surrounding these security measures reflects a broader tension between the permissionless ethos of DeFi and the necessity of safety parameters for institutional adoption. Ultimately, Rooz suggests that the ability to restrict bad actors is transitioning from a controversial design choice to an essential baseline requirement for the future of RWA and institutional blockchain infrastructure.