Microsoft, along with other major companies such as Goldman Sachs, Deloitte, S&P Global, and Moody's, has joined forces to support the launch of Canton Network, a blockchain platform that aims to simplify financial markets. Canton Network aims to provide a decentralized infrastructure that could make transactions more efficient by linking financial systems together and enabling them to operate in a synchronized manner.

The platform creates opportunities for financial institutions to offer innovative new products to their customers while improving their efficiency and risk management. Microsoft had previously made headlines in March of this year for the news that it would integrate an Ethereum wallet on its Microsoft Edge browser, although there has been no official confirmation.