The Canton Network, a public blockchain built for regulated financial markets, today completed the first real-world payroll transaction using private stablecoins on an institutional-grade ledger.
The payment, executed for an unnamed global company, was facilitated through payroll platform Toku and infrastructure provider Cantor8.
The network’s architecture allows financial institutions to conduct transactions on decentralized infrastructure while keeping sensitive data confidential. Major participants in Canton include Goldman Sachs, Microsoft, and Deutsche Börse.
Traditional cross-border payroll relies on correspondent banking, which can tie up working capital for days and introduce currency and counterparty risks. Canton’s stablecoin-based rails are designed to finalize payments within minutes at lower cost while maintaining privacy around compensation details.
Beyond payroll, pilots and deployments on the network now span private stablecoin transfers, tokenized asset settlement, and cross-institutional workflows.
