The Canton Network has integrated multiple Chainlink services to bolster its institutional tokenization infrastructure. The integration includes Chainlink SmartData for NAV and AUM feeds, Data Streams for equities market data, Proof of Reserve for asset transparency, and the Cross-Chain Interoperability Protocol (CCIP). This move aims to provide standardized data and enhanced interoperability for blockchain-based financial applications targeting professional investors.
Canton Network has incorporated Chainlink SmartData and related interoperability solutions into its infrastructure. This development aims to support institutional tokenization by adding standardized data feeds and cross-chain functionality.
The network has been using Chainlink’s SmartData solutions, such as Net Asset Value and Assets Under Management feeds. These feeds are intended to offer standardized and verifiable financial information for on-chain applications.
As part of the integration, the network will also use Chainlink Data Streams, which include support for 24/5 equity data. This low-latency market data is viewed as crucial for tokenized securities and real-world asset use cases.
The network is integrating Chainlink’s Proof of Reserve solution for on-chain verification of asset backing. “This solution allows for the on-chain verification of asset backing, which in turn helps to verify that the assets are backed by reserves,” as stated in the announcement.
The integration also involves the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This protocol enables communication and the transfer of value across various blockchain networks.
Canton Network has been positioning itself as infrastructure suited for institutional participants in the tokenized asset sector. The partnership is part of broader industry efforts to integrate blockchain settlement with reliable data and cross-chain solutions.
