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According to Forbes, blockchain infrastructure company Kresus announced a partnership with Canton Network aimed at helping financial institutions move blockchain projects from the "pilot stage" to full production systems. Kresus will provide Canton Network with enterprise-grade wallets, tokenization tools, and middleware KITE. Currently, its flagship client, South Korea's Hanwha Investment & Securities, is building a private placement asset tokenization platform based on the technologies of both parties. The institution previously invested $13 million in Kresus in February of this year. The report pointed out that most Wall Street institutional blockchain applications are still in the proof-of-concept stage, with a significant gap between actual business volume and market expectations. This partnership aims to promote the real deployment of institutional-level blockchain projects.