Altcoins News
By Julie Binoche
1 / 15
Canton Network: The $6 Trillion Bet. The Canton Network isn't a small sandbox. Over 600 institutions participate, including Goldman…
2 / 15
JX Token, Ondo Finance, and the Coinhako Deal. Canton is one piece of a much bigger picture. SBI already launched the JX token on Solana, giving…
3 / 15
SBI Holdings made it official on July 28. SBI Security Solutions is now SBI Digital Practice Co. Ltd., renamed effective June 22, and it's got a very different job to do.
4 / 15
The new entity sits in Roppongi, Tokyo, led by Ryo Shimotsu, and SBI keeps full ownership. But the mission has shifted hard.
5 / 15
The Canton Network isn't a small sandbox. Over 600 institutions participate, including Goldman Sachs and BNP Paribas, and assets on the network run past $6 trillion.
6 / 15
The Depository Trust & Clearing Corporation and Digital Asset have plans to tokenize a subset of U.S.
7 / 15
Worth being clear: SBI isn't walking away from Ripple. The company said explicitly that SBI Ripple Asia stays active, continuing to develop payment infrastructure and token…
8 / 15
Canton is one piece of a much bigger picture. SBI already launched the JX token on Solana, giving institutional investors on-chain access to a Japanese equity strategy.
9 / 15
Read also: BitMEX Closes After 11 Years as Crypto ATM Losses Hit $124M and Clarity Act Stalls
10 / 15
And then there's Coinhako. SBI grabbed a majority stake in the Singapore-based exchange on July 16, after getting the green light from the Monetary Authority of Singapore.
11 / 15
The multichain angle is probably the most interesting part of all this. A few years ago, SBI's blockchain identity was pretty much synonymous with Ripple and XRP.
12 / 15
Institutional blockchain adoption has been slow globally, but the pressure to modernize settlement infrastructure is real.
13 / 15
What's still murky: SBI hasn't disclosed specific customers lined up for SBI Digital Practice, and there are no revenue targets out there yet.
14 / 15
Read also: Citadel Bets on Fed Rate Hike as Polymarket Sees $100M in FOMC Wagers
15 / 15
The DTCC and Digital Asset's U.S. Treasury tokenization plan on Canton is probably the clearest signal of where the network is heading.
The Currency Analytics
Want the full story?