“Can a privacy-preserving institutional blockchain become the shared settlement and embedded finance infrastructure layer for global capital markets, replacing fragmented fiat rails with programmable on-chain equivalents?”
Canton Network is the public blockchain layer spun out of Digital Asset Holdings, the company best known for building Daml, an enterprise smart contract language originally pitched to Wall Street post-2015. Canton launched as a 'network of networks' targeting capital markets infrastructure — processing $6T+ in tokenized assets — and has progressively layered in embedded finance primitives including stablecoin payments, on-chain payroll, institutional lending, and crypto custody. The embedded finance angle is specifically about replacing fiat rails with programmable, privacy-preserving on-chain settlement for regulated institutions, not consumer retail.
Canton Network processes payments through Canton Coin (self-operated — on-chain native utility token payments) and Cantara (ecosystem app — peer-to-peer billing and stablecoin payments on Canton).
Canton Network runs its ledger on Canton Ledger API (self-operated — Daml-based distributed ledger with gRPC and JSON interfaces).
Canton Network's payroll is powered by Toku.
Canton Network's crypto products run on Brale, Zerohash, Circle and Dfns.
The Embedded Finance Index 2026 maps 6 layers in Canton Network's stack: Payments / PSP (Canton Coin (self-operated — on-chain native utility token payments) and Cantara (ecosystem app — peer-to-peer billing and stablecoin payments on Canton)); Ledger (Canton Ledger API (self-operated — Daml-based distributed ledger with gRPC and JSON interfaces)); Lending (On-chain SMB loan distribution (via NEWITY on Canton), Custody-native credit against tokenized assets (via PCP on Canton), Permissioned institutional P2P lending/borrowing (via Haven on Canton), On-chain financing / real-world asset collateralization and 1 other); Payroll (Toku); Crypto (Brale, Zerohash, Circle and Dfns); Transaction enrichment (Noves).
Canton Network is headquartered in New York, USA (operated by Digital Asset Holdings, LLC).
Canton Network has raised $135M (Digital Asset raise to accelerate Canton Network growth) in total (latest round: Strategic raise, 2025).
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