Three of the world’s largest financial institutions Goldman Sachs, Hong Kong FMI Services Limited (HKFMI), and Moody’s Ratings have joined the Global Synchroniser Foundation (GSF), a key governing body of the Canton Network, the world’s only public layer-one blockchain network that balances control and privacy.
The move has marked a significant milestone for the Canton Network as it continues to gain traction among financial industry leaders.
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Moreover, the Canton Network, a decentralised financial infrastructure, features the Global Synchroniser for real-time synchronisation of regulated financial assets.
With over 30 participants, including Broadridge, Tradeweb, and Digital Asset, Canton’s credibility and potential to transform capital markets are solidified by its decentralised governance and privacy-focused solutions.
With the rapid growth of tokenised assets, institutions are seeking innovative ways to synchronise financial markets while maintaining regulatory compliance, security, and privacy.
Jorgen Ouaknine, GSF Chairperson and Global Head of Innovation & Digital Assets at Euroclear stated: “On behalf of the Global Synchroniser Foundation, I am pleased to welcome our new members and their valuable industry perspectives. Each of them contributes to strengthening the governance while ensuring the Global Synchroniser of the Canton Network remains an open, fair, and trusted blockchain infrastructure.”
Goldman Sachs, an innovator in blockchain adoption within traditional finance, observes this collaboration as an opportunity to further its digital asset initiatives.
Mathew McDermott, Global Head of Goldman Sachs Digital Assets added: “Joining the Global Synchroniser Foundation aligns with our ongoing commitment to driving blockchain innovation in regulated financial markets. We are excited to be part of the GSF and look forward to contributing to the Canton Network’s growing ecosystem.”
Fabian Astic, Managing Director and Global Head of Digital Economy at Moody’s Ratings shared: “Our participation in the GSF highlights a significant step in our robust Digital Economy preparedness strategy. This collaboration underscores our commitment to helping market participants understand the risks and opportunities of Digital Finance, and to meeting stakeholders where they are in their preferred digital channels. It also provides us with an opportunity to further engage with leading institutions working towards enhanced transparency, security, and scalability in the digital financial markets of the future.”
