Goldman Sachs-Backed Canton Crypto Chain Adds LayerZero Interoperability

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LayerZero has become the first interoperability protocol live on the Canton Crypto Network, the institutional blockchain backed by Goldman Sachs, Microsoft, and DTCC, enabling regulated financial institutions to route tokenized assets across more than 165 public blockchains while preserving compliance standards.

This is kind of Wall Street’s tokenization infrastructure opening a direct channel to the entirety of onchain liquidity.

Key Takeaways:
  • Integration Scope: LayerZero is now live on Canton Network, connecting its $100 billion ecosystem to Canton’s institutional rails and enabling cross-chain access to 165+ public blockchains.
  • Institutional Signal: Canton already processes more than $350 billion in daily U.S. Treasury repo volume; testing participants include Goldman Sachs, BNP Paribas, Tradeweb, and Citadel Securities.
  • Market Implication: Nearly 400 ecosystem participants on Canton now have a credible path to cross-chain tokenized asset deployment — a structural liquidity unlock for institutional RWA markets.

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Routing $350 Billion in Daily Repo Volume Across 165 Chains

Canton crypto core infrastructure, built by Digital Asset on the DAML smart contract language, already handles serious institutional volume. Broadridge’s distributed ledger repo platform processes between $300 billion and $400 billion in daily U.S. Treasury repo transactions through Canton — establishing it as operating infrastructure, not a proof-of-concept.

The LayerZero integration now sits on top of those rails. LayerZero Labs CEO Bryan Pellegrino framed the division of labor precisely: “Canton has already built the rails for traditional finance, processing more than $350 billion in daily U.S. Treasury repo volume. LayerZero’s job is to make sure those assets are available in every global market, across blockchains.”

The distinction matters technically. LayerZero does not operate as a traditional bridge, it is designed to make any token or application natively compatible with any blockchain, avoiding the custodial risk that has plagued earlier cross-chain solutions. For Canton’s compliance-focused participants, that architecture matters as much as the connectivity itself.

Testing has already involved Goldman Sachs, BNP Paribas, DRW, QCP, Liberty City Ventures, and Tradeweb, the same institutions that underwrote Digital Asset’s $135 million funding round in June 2025, led by DRW Venture Capital and Tradeweb Markets with participation from Circle Ventures and Citadel Securities.

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