Visa Becomes First Major Payments Company to Join Canton Network as Super Validator

In brief Visa announced it will join Canton Network as the first major global payments company to serve as a Super Validator. The company will be one of 40 Super Validators helping banks and financial institutions bring payment flows on-chain. Canton Network is designed to address privacy concerns that have kept many banks from adopting public blockchains. Visa announced Wednesday that it will join Canton Network as the first major global payments company to serve as a Super Validator, helping extend privacy-preserving blockchain infrastructure to banks and financial institutions worldwide. The payments giant will be one of 40 Super Validators on the layer-1 Canton network, applying "the same trusted and reliable standards it uses to operate critical payment systems today," it said in an announcement . As a Super Validator with voting powers to shape Canton's network decisions, Visa will help institutions experiment with and scale stablecoin payments, settlement, and treasury use cases without changing how they manage risk, compliance, and operations. “Many banks see the lack of privacy as a dealbreaker for moving meaningful activity on-chain,” said Rubail Birwadker, Visa’s global head of growth products and strategic partnerships, in a statement. “By operating as a Super Validator on Canton Network, we’re bringing Visa-grade trust, governance and operational rigor that define Visa’s global network to privacy‑preserving blockchain infrastructure, so regulated financial institutions can bring payments on-chain without having to rethink how they operate.”  Canton's configurable privacy model allows institutions to adopt blockchain without compromising confidentiality—addressing concerns that banks can't run payroll if salaries are public and trading firms can't reveal positions without hurting price discovery. The move builds on Visa's expanding digital asset work, including stablecoin settlement that has reached an annualized run rate of $4.6 billion globally and stablecoin-linked card programs spanning more than 130 programs across more than 50 countries. Canton has seen significant uptake from major financial players, with Franklin Templeton expanding its tokenized fund platform Benji to the network and JPMorgan bringing over its JPM Coin for institutional client payments. In December, the Depository Trust & Clearing Company—which processes quadrillions of dollars’ worth of transactions annually—said it would issue tokenized securities on Canton . Since launching in November, Canton’s native CC token has rapidly become one of the most valuable cryptocurrencies on the market. It’s up more than 3% over the last day to a recent price of $0.145 and a market cap above $5.5 billion, making it the 21st biggest coin by that metric per data from CoinGecko . Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!