Visa Brings Privacy-Preserving Payments to Canton Network

Visa, a global payment technology company, announced on March 30 that it has become the first among major payment firms to join the Canton Network as a Super Validator.

The Canton Network is widely used in capital markets, focusing on the issuance and trading of tokenized financial assets. With Visa joining, Canton will directly integrate on-chain payments into its ecosystem, bridging capital markets and payment systems.

Visa's participation is seen as significant in addressing a core dilemma faced by financial institutions when adopting blockchain. The inherent transparency of blockchain can conflict with the strict privacy and personal data protection standards that financial institutions must uphold. However, the Canton Network, designed specifically for regulated finance, has privacy protection features built in from its inception, allowing institutions to safely utilize shared infrastructure without exposing sensitive data.

Luvail Burwadkar, Head of Global Innovation Growth Partnerships at Visa, stated, "Many banks have struggled to move core work on-chain due to privacy concerns. As a Super Validator on the Canton Network, Visa brings the trust, governance, and operational capabilities of its global network to privacy-preserving blockchain infrastructure. Now, regulated financial institutions will be able to transition payments on-chain without having to redesign their existing operations."

Eric Saraniecki, co-founder of the Canton Network and Head of Network Strategy for Digital Assets, commented, "Canton was designed from the outset to meet the requirements of regulated finance. Visa’s participation as a Super Validator demonstrates that this technology has matured beyond mere experimentation into a truly operational infrastructure." He added, "With payments and assets connected on-chain, a new chapter opens for financial markets—transactions will occur at blockchain speed while meeting privacy, security, and regulatory compliance requirements."

Visa’s participation is part of its ongoing digital asset and stablecoin strategy. Visa’s stablecoin settlement volume amounts to approximately $4.6 billion annually on a global basis, and the company operates more than 130 stablecoin-linked card programs in over 50 countries worldwide.

This content was produced with the assistance of AI translation services.