← Embedded Finance Index 2026

Canton Network

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?

HQNew York, USA (operated by Digital Asset Holdings, LLC)
Total raised$135M (Digital Asset raise to accelerate Canton Network growth)
Latest roundStrategic raise, 2025
IndustryFintech / Crypto
The story

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.

Last 12 months
2025-10
2025-12
2026-02
2026-04
2026-04
Product timeline
2021
Digital Asset Holdings receives initial ISO 27001 certification for Daml products and services.· compliance
2023
Canton Network publicly launched as a privacy-enabled Layer 1 blockchain for institutional finance, built on Daml smart contracts.· pivot
2024
Canton Coin (CC) launched as the network's native utility token with a MiCA whitepaper published for EU compliance.· banking
2024
Global Synchronizer and Super Validator infrastructure launched to support decentralized network operations.· pivot
2025
Zerohash integrates Canton Network, enabling buy/sell/custody of Canton Coin and USDC.Canton for institutional clients including Interactive Brokers, Morgan Stanley, and Franklin Templeton.· banking
2026
First private stablecoin payroll transaction executed on Canton Network in collaboration with Toku and Cantor8.· banking
2026
NEWITY selects Canton Network for on-chain SMB loan distribution; PCP partners with Digital Asset for custody-native credit on Canton.· lending
Regulated entities
1
regulatory licence held by Canton Network
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Canton Network’s embedded-finance stack
Payments / PSP
Canton Coin (self-operated — on-chain native utility token payments)Cantara (ecosystem app — peer-to-peer billing and stablecoin payments on Canton)
Ledger
in the full report
Lending
in the full report
Payroll
in the full report
Crypto
in the full report
Accounting gap: none
11 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.