#Visa

Canton Network Expansion Gains Support From A16z, Citadel

Visa and Brale have initiated a proof-of-concept to test the SBC stablecoin as an institutional settlement layer utilizing the Canton Network's privacy-focused infrastructure. Simultaneously, SG-FORGE is integrating its EURCV and USDCV stablecoins onto the Canton Network to advance on-chain settlement and tokenized collateral capabilities. Bitwise has further expanded the ecosystem's visibility by launching the Canton ETP (BWCC) on the Deutsche Börse Xetra with a 0.85% expense ratio. These developments are supported by significant capital interest, as Digital Asset Holdings reportedly seeks $300 million in funding at a $2 billion valuation to drive network expansion. Furthermore, Arc, Canton, and Tempo have collectively raised over $1 billion, reflecting strong investor confidence in the platform's infrastructure. These moves collectively signal a shift toward institutional-grade, privacy-compliant blockchain rails for global financial settlement. By bridging traditional finance entities with interoperable ledger technology, the Canton Network is positioning itself as a critical backbone for the next generation of RWA tokenization.