Goldman Sachs, Microsoft, Deloitte, Moody's, and other institutions have partnered with Digital Asset, a fintech company based in New York, to launch the Canton Network. This blockchain aims to connect institutions and financial assets, offering improved privacy and control at a lower cost.

The project will connect applications based on Digital Asset's native smart contract language Daml, and will strive to provide decentralization while maintaining regulatory compliance for governance and privacy. The launch date for the network has not been announced, but participants will be able to test its capabilities and applications from July.