Canton Network initiates multi-party project partnership
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Canton Network initiates multi-party project partnership 16 January 2025US Reporter: Clelia Frondaroli
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The Canton Network has commenced a project in partnership with Digital Asset, QCP, and several of their counterparties.
The project aims to address the issues that the crypto derivatives market has encountered as a result of absent regulatory frameworks and infrastructure. The project will see Digital Asset introducing an automated and on-chain solution which will be powered by the Canton Network.
The companies involved hope that the solution will reduce capital inefficiencies, and deliver automated margin workflows, instant tokenised collateral pledging, and automated dispute resolution.
“This collaboration underscores Digital Asset's dedication to revolutionising market infrastructure through innovative, blockchain-powered solutions within the Canton Network. We are excited to bring privacy to on-chain collateral management,” says Georg Schneider, head of financial products at Digital Asset.
Darius Sit, founder and chief information officer at QCP, adds: “By addressing inefficiencies in collateral management, this initiative reinforces our commitment to providing clients with trusted, efficient, and scalable solutions that redefine market standards.”
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