How did the "secret weapon" created by Wall Street giants build the answer for the RWA track in Canton Network?

By HSBC, Morgan Stanley, BNP Paribas... What is the Canton Network created by a number of major banks and financial institutions? What are the features and advantages? This article gives you an in-depth understanding. (Synopsis: Goldman Sachs, Microsoft and others jointly launched the enterprise privacy chain "Canton Network" to promote the adoption of traditional finance) (Background supplement: YZi Labs' latest investment in Digital Asset Speed Reading: The invisible driver behind the $4 trillion RWA empire) We are in an era of drastic restructuring of the financial landscape. The tokenization of real-world assets (RWA) has evolved from a fringe concept in the crypto world to the hottest topic on Wall Street. From U.S. Treasuries to gold to private equity, moving tens of billions of dollars of traditional assets on-chain is no longer a question of "if" but of "when and where it will happen." Behind this wave is the institution's ultimate pursuit of efficiency: faster settlement, higher capital efficiency, lower operational risk. A financial market that operates 24/7 and seamlessly connects global liquidity is the ultimate dream of all giants. However, the realization of this dream is bound by a fundamental contradiction. When institutional giants try to embrace blockchain, they find themselves in a dilemma. The "transparency" of public blockchains such as Ethereum, which allows all transactions to be spread out in the sun, is an unacceptable fatal flaw for financial institutions that need to protect customer privacy and transaction strategies. The private chain born for privacy has created a new "walled garden", sacrificing interoperability, making it impossible for assets to flow freely, and returning to the island era of the digital world. There is an urgent need for a new infrastructure, a "solution" that addresses the three core challenges of privacy, cross-chain interoperability, and institutional-level scalability. And that's the background to the birth of the Canton Network. How Canton Network's "Proof of Stakeholder" or Institutional Trust Simply put, Canton Network is a network built for institutional finance and aims to be the value settlement layer for the future RWA era. Its core is the decoupling architecture and the consensus mechanism of "proof of stakeholders". The witty features are developed by companies like HSBC, Morgan Stanley, BNP Paribas... and other important global banks and financial institutions, and is governed by a neutral organization under the Linux Foundation. This design ensures that the participants of the network are themselves highly regulated entities with inherent needs and legal responsibilities to maintain market stability and compliance, fundamentally combining the trust system of the traditional financial world with blockchain technology. More than staking: a value flywheel that resonates with trillions of dollars in trading volume The incentive model of the Canton Network is designed to reward true value creators. At its core is the native utility token Canton Coin, and an elaborate "burn and mint" economic model. Canton Coin is the blood of the network and is used to pay for network services such as transaction sequencing. All fees paid are "burned", reducing the total amount of tokens. At the same time, the network "mints" new Canton Coin to reward three core contributors. App developer ( 50% of the reward ): The network gives half of the rewards to app builders to encourage the prosperity of the ecosystem. Infrastructure provider ( 35% of the reward ): You can run validator nodes, especially as a super validator, to maintain network security and decentralization, and thus get great rewards. P2P.org and other professional node service providers have joined. 15% of the reward ( ) for web users: As an end user, you can also share a share of the network rewards by transacting in apps on the Canton network. Architecture Under the Scalpel: Deconstructing the "Nervous System" of the Financial World You can think of Canton as a "nervous system" built for global financial markets. Brain (participating node): Each financial institution (such as a bank) runs its own sovereign node, like an independent brain, storing its own private data and having absolute control. Neural reflex arc ( stakeholders prove ): When a transaction occurs, it is not necessary to broadcast a "referendum" across the network like traditional blockchains. Canton's consensus mechanism is like a precise "reflection arc", only the nodes of the two parties directly related to the transaction (such as the buyer and seller) are activated to verify the transaction. Other unrelated nodes are unaware of this, which fundamentally guarantees privacy. Spinal cord center ( global synchronizer ): Responsible for connecting all "brains" is a neutral, decentralized synchronization layer. It's like a spinal cord that's only responsible for sorting and timestamping crypto transactions, but can't spy on the specifics of the signal. From drill to real combat: Verify carrying capacity under real fire The best proof comes from real-world stress testing and production-grade applications that are already live: . Canton has joined forces with 45 institutions, including the American Depository Trust and Clearing Corporation (DTCC) and the Bank for European Settlements, to successfully complete the tokenization, trading, settlement and collateral management pilots of US Treasuries, Eurobonds, gold and other assets between 22 independent applications, successfully verifying its cross-asset and cross-application interoperability. The distributed ledger buyback (DLR) platform, owned by fintech company Broadridge, which serves the U.S. repo market, has long been in production based on Canton's underlying technology. Provides powerful evidence of Canton's ability to handle real-world, high-volume, high-value workflows. Canton's influence has also expanded into Asia. In Hong Kong, it has been adopted by the Monetary Authority (HKMA), and Japanese financial giant SBI has become its core supporter and super validator. At the same time, Canton continues to be present in Singapore and the Middle East, working with QCP Capital and other institutions to develop derivatives solutions, and actively participating in regional industry conferences such as TOKEN2049 to deepen cooperation. A gamble that can't be refused: when the trinity of narrative, allies and capital Canton was not born as a hot-button project, but as a first-principles infrastructure designed to solve the core issues (privacy, compliance, interoperability) needed to implement RWA. On the RWA highway, Canton is building toll booths. Behind it is not a single team, but an "alliance" of the top players in the global financial system. From Goldman Sachs and Citi to DTCC and Deutsche Börse, these institutions are not only investors, but also the earliest users and builders of the network. Just in June of this year, Digital Asset, the core developer behind Canton, also announced the completion of a strategic financing round of up to $135 million. The investor list, which blends Wall Street and the crypto world, is led by DRW Venture Capital and Tradeweb Markets, and includes not only BNP Paribas silver...