Bitcoin News Today: Maestro Joins Canton Network to Enhance Institutional Blockchain Compliance

Maestro, a prominent enterprise-grade infrastructure provider in digital finance, has joined the Canton Network as a validator, reinforcing the network’s commitment to privacy and institutional-grade compliance [1]. This collaboration aims to enhance the adoption of blockchain technology among regulated financial institutions by strengthening Canton’s infrastructure. The Canton Network, a Layer-1 blockchain tailored for institutional finance, now includes Maestro alongside other leading financial and digital asset institutions such as Binance, BitGo, Bank of America, Galaxy Digital, Mastercard, Citadel, and Nasdaq [1].

The Canton Network has emerged as a key infrastructure hub for enterprises, handling over $1 trillion in monthly transaction volumes. It recently secured $135 million in funding led by DRW Venture Capital and Tradeweb Markets, with participation from Goldman Sachs, Citadel Securities, and BNP Paribas [1]. Nine of the top 10 global investment banks are now active participants in the Canton ecosystem.

Maestro’s expertise in supporting blockchain applications such as Bitwave, The Tie, Proof Group, BitSafe, HydraX, and IntellectEU positions it as a valuable contributor to the Canton Network [1]. These platforms collectively manage trillions of dollars in annual transactions, and Maestro’s infrastructure capabilities are expected to further scale their operations.

Melvis Langyintuo, Executive Director of the Global Synchronizer Foundation, emphasized the importance of Maestro’s role in supporting the growing range of enterprise use cases on Canton [1]. He noted that infrastructure provided by Maestro and other validator partners will play a critical role in the network’s expansion.

Maestro Co-Founder and CEO Marvin Bertin stated that joining the Canton Network reflects the firm’s dedication to advancing blockchain adoption and modernizing traditional financial systems with secure, compliant infrastructure [1]. Maestro has processed billions of API calls and supports hundreds of companies, bringing this experience to Canton’s growing ecosystem.

The Canton Network is designed for regulated financial markets and is used by major banks, asset managers, and trading firms. It offers access to a range of financial products, including Bitcoin, which is increasingly drawing institutional interest [1].

Maestro’s mission centers on accelerating the transition to a Bitcoin-based economy by providing scalable infrastructure optimized for on-chain finance. Through robust software tooling, it aims to redefine how financial applications are built on Bitcoin, driving the evolution of a decentralized, blockchain-native financial system [1].

The Canton Network, initially developed by Digital Asset and now open-sourced, is governed by the Global Synchronizer Foundation. It facilitates real-time synchronization and settlement across asset classes while maintaining privacy and control. The foundation ensures transparency and fairness in governance and operations, supporting decentralized governance and collaborative app development [1].

Source: [1] Maestro Joins Canton Network As a Validator to Strengthen Privacy-First Financial Systems (https://coinmarketcap.com/community/articles/688b91c41629cc514a1a817f/)