What you need to know:
- Canton Network has integrated Chainlink SmartData services, including NAV and AUM feeds.
- The network will use Chainlink Data Streams for 24/5 stock market data.
- Proof of Reserve functionality has been implemented to support asset transparency.
Canton Network has incorporated Chainlink SmartData and related interoperability solutions into its infrastructure offering, aiming to support institutional tokenization. This development adds standardized data feeds and cross-chain functionality to the Canton Network ecosystem.
Integration of SmartData services
Canton Network leverages Chainlink’s SmartData solutions such as Net Asset Value (NAV) and Assets Under Management (AUM), which are data feeds intended to provide standardized and verifiable financial information for on-chain applications.
SmartData was developed to meet the institutional needs of providing structured and compatible data that can be integrated into tokenized asset platforms and financial products.
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Data flows and market coverage
As part of the integration, the Canton Network will also leverage Chainlink Data Streams, which support 24/5 stock data. Data streams are designed to provide low-latency market data that can be used for trading, settlement and risk management purposes.
The availability of accurate off-chain market data is seen as a critical element for tokenized securities and other real-world asset (RWA) use cases built on blockchain infrastructure.
Evidence of reserve and transparency
Canton Network also integrates LINK’s Proof of Reserve solution. This solution enables the on-chain verification of asset backup, which in turn helps to verify that the assets are backed by reserves.
The Proof of Reserve solution is often used in tokenization platforms to increase transparency and provide verifiable guarantees to third parties.
CCIP and interoperability
The integration also includes the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which enables communication and value transfer between different blockchain networks.
Interoperability is considered an essential element in the development of blockchain networks at the institutional level, especially where multiple blockchains and financial systems interact with each other.
With the integration of CCIP, the Canton Network has improved its interoperability capabilities with other blockchain environments.
Institutional tokenization focus
Canton Network has positioned itself as an infrastructure fit for institutional participants, especially in the tokenized asset and capital markets sector. The integration of LINK’s data and interoperability solutions is part of this effort to deliver compliant and scalable blockchain solutions.
This partnership is part of the industry’s efforts to integrate blockchain-based settlement infrastructure with reliable third-party data sources and cross-chain solutions.
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