HSBC, BNP Paribas Join Canton Network in Institutional Tokenization Push

HSBC and BNP Paribas have officially joined the Canton Foundation, the governance body behind the Canton Network, marking a significant step in the institutional adoption of blockchain technology. Their participation brings the total number of foundation members to 30, including four global systemically important banks (G-SIBs). The network now supports $3.6 trillion in tokenized assets across its member institutions.

BNP Paribas recently Leveraged Canton's technology to issue the EU's first sovereign digital bond for Slovenia, while HSBC utilized its Orion platform to issue a €50 million digital bond for Luxembourg. These moves underscore the growing convergence of traditional finance and blockchain infrastructure.

The Canton Network provides a shared framework for secure, interconnected digital financial services, enabling institutions to MOVE beyond siloed blockchain implementations. This development reflects broader industry trends toward interoperability and institutional-grade blockchain solutions.