Chainlink has partnered with the Canton Network to boost institutional adoption of blockchain technology. The collaboration includes integrating Chainlink’s data service and the Canton Network joining the Chainlink Scale program. Chainlink Labs will become a super validator on the network, enabling real-world use cases in traditional and decentralized finance.

The Canton Network, backed by Microsoft, Goldman Sachs, and others, supports over $6 trillion in onchain assets and processes $280 billion in daily repurchase agreements. Recent developments include P2P.org becoming a validator and major banks BNP Paribas and HSBC joining the Canton Foundation. The integration aligns with growing blockchain initiatives in the financial sector.

In other news, Ripple and Securitize integrated the Ripple USD stablecoin for tokenized funds, while Fnality secured $136 million in funding from backers such as Bank of America. Kazakhstan’s central bank is piloting a stablecoin with Solana and Mastercard. The industry is witnessing a shift towards blockchain adoption in traditional finance.

Read more at Cointelegraph.: Chainlink Integrates with Canton’s Institutional Blockchain