BNY Mellon, Goldman Sachs lead 45 institutions in testing interbank blockchain network [Video]

Goldman Sachs (NASDAQ: GS) and BNY Mellon (NASDAQ: DMF) have led a host of financial institutions in testing the impact of a new blockchain network on the capital markets.

Known as the Canton Network, it was developed by New York-based blockchain startup Digital Asset Holdings and launched in May 2023. According to an announcement, it recently completed a pilot program that involved 155 participants from 45 major financial institutions.

We are pleased to share that the ‘Capital markets take flight’ report is now available for download! Dive into the comprehensive insights from the most groundbreaking blockchain pilot for tokenized real-world assets to date.

Highlights:✅ Engagement of 155 participants from 45… pic.twitter.com/VAvxCjOupi

— Canton Network (@CantonNetwork) March 12, 2024

In the pilot, Digital Asset Holdings provided the participants with 22 decentralized applications (dApps) facilitating fund registry, asset tokenization, securities lending, repo, digital cash, and margin management transactions. All the dApps were interoperable via the Canton Network’s …