Transcend Connects to Canton Network for Real-Time Tokenised Asset Mobility
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Transcend announced its connection to the Canton Network to enable real-time mobility of tokenised assets.
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The service supports instant movement of collateral and cash across counterparties and markets using traditional and tokenised assets.
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Transcend is building connectors from Canton nodes to clients' internal systems with two-way APIs bridging DeFi and TradFi.
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The firm is also developing a node-as-a-service on Canton, with plans to extend to other DLT platforms.
Transcend connects to Canton Network - Securities Finance Times
Global Securities Finance News and Commentary
Global Securities Finance News and Commentary
Global Securities Finance News and Commentary
Global Securities Finance News and Commentary
Transcend has connected to the Canton Network to enable real-time mobility of tokenised assets.
According to Transcend, this service will support clients’ ability to move collateral and cash instantly and optimally across counterparties and markets using a combination of traditional and tokenised assets.
Transcend is also building connectors from Canton nodes to clients’ existing internal systems, with two-way APIs to translate DeFi to and from TradFi.
In addition, the firm is building a node-as-a-service on Canton and the translation software for clients’ internal systems to communicate with DeFi nodes — beginning with Canton and extending to other distributed ledger technology (DLT) platforms.
Bimal Kadikar, CEO of Transcend Street Solutions, states: “The future of collateral is TradFi and DeFi, operating in concert for the foreseeable future, and Transcend is at the heart of making that real.
“By connecting networks like Canton with traditional financial infrastructure, we give institutions the power to analyse, optimise, and mobilise collateral seamlessly across both worlds.”
Kelly Mathieson, chief business development officer at Digital Asset, a co-creator of Canton, adds: “The ability to integrate tokenised assets into existing collateral workflows is a critical step toward enabling real-time, cross-market collateral mobility.
“Transcend’s approach will help strengthen the range of interoperable applications on Canton and support broader institutional adoption.”
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