HSBC and BNP Paribas join the GlobalSyncFdn, reinforcing industry efforts on privacy, control & interoperability. With 30+ members, the Canton Network strengthens governance to build trusted blockchain infrastructure for regulated markets.

BNP Paribas and HSBC have joined the Global Synchronizer Foundation (GlobalSyncFdn), the governance body behind the Canton Network, a permissioned blockchain infrastructure designed for regulated financial markets. The announcement, made by the Canton Foundation in September 2025, adds two of the world’s largest global banks to a consortium that now includes more than 30 members, such as Goldman Sachs, Moody’s Ratings, Broadridge, Tradeweb, Hong Kong FMI Services Limited (HKFMI) and Digital Asset. Their participation follows earlier institutional sign‑ups in March and reflects growing industry confidence in Canton as a platform for tokenized assets and synchronized financial workflows. The GlobalSyncFdn and Canton Network focus on enabling data privacy, operational control and interoperability across distributed applications, with the aim of supporting real‑world, highly regulated use cases like securities, collateral management and other capital markets functions. By joining, BNP Paribas and HSBC signal strategic intent to help shape common standards and governance for blockchain‑based financial infrastructure, at a time when tokenization and digital asset issuance are moving from pilots toward scaled deployment in mainstream markets. For the wider industry, their involvement strengthens the credibility and potential network effects of Canton as a neutral, institution‑led stack for building compliant, interconnected digital asset and financial market platforms.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• BNP Paribas and HSBC Join the Canton Foundation (canton.foundation)
• Canton Network (x.com)
• BNP Paribas signs exclusive agreement to integrate HSBC's hedge ... (securities.cib.bnpparibas)
• BNP Paribas signs an agreement with HSBC to acquire its private ... (wealthmanagement.bnpparibas)
• BNP Paribas expands its Securities Services activity through the ... (group.bnpparibas)

Explore the topic

• Markets
• Governance
• Canton Network
• Interoperability