BNP Paribas and HSBC join Canton Foundation
10 September 2025 US
Image: Chaosamran_Studio/stock.adobe.com
BNP Paribas and HSBC have joined the Canton Foundation as its newest members.
According to the firm, these new members reaffirm the financial industry’s collective effort to embrace decentralised technology — The Global Synchronizer — which prioritises data privacy, operational control, and interoperability at scale.
The Global Synchronizer provides the infrastructure for synchronising digital assets across permissioned blockchains on the Canton Network.
The Synchrozier is governed by a community of industry stakeholders, including fintechs, service providers and global banks, and according to the firm, the Canton Foundation ensures the decentralised and neutral governance of this component.
Melvis Langyintuo, executive director of the Canton Foundation, says: “We are thrilled to welcome BNP Paribas and HSBC to the Canton Foundation. Their engagement will strengthen the governance and strategic direction of the Canton Network as we continue to establish an open, neutral, and robust blockchain foundation for regulated markets.”
Hubert de Lambilly, head of global markets Continental Europe, Middle East and Africa at BNP Paribas, adds: “Joining the Canton Foundation underscores BNP Paribas’ ongoing commitment to digital transformation and adopting distributed ledger technology to serve our evolving client needs.
“Participating in this initiative offers a valuable opportunity to collaborate with key industry players as we advance the long-term role of blockchain technologies in regulated finance.”
John O’Neill, group head of digital assets and currencies at HSBC, comments: “Driving liquidity in digital asset markets requires ecosystems with strong connectivity and market access.
“Joining the Canton Foundation will help HSBC to continue to contribute to a shift toward infrastructure that can support complex, multi-asset transactions with trust and transparency.”
According to the firm, these new members reaffirm the financial industry’s collective effort to embrace decentralised technology — The Global Synchronizer — which prioritises data privacy, operational control, and interoperability at scale.
The Global Synchronizer provides the infrastructure for synchronising digital assets across permissioned blockchains on the Canton Network.
The Synchrozier is governed by a community of industry stakeholders, including fintechs, service providers and global banks, and according to the firm, the Canton Foundation ensures the decentralised and neutral governance of this component.
Melvis Langyintuo, executive director of the Canton Foundation, says: “We are thrilled to welcome BNP Paribas and HSBC to the Canton Foundation. Their engagement will strengthen the governance and strategic direction of the Canton Network as we continue to establish an open, neutral, and robust blockchain foundation for regulated markets.”
Hubert de Lambilly, head of global markets Continental Europe, Middle East and Africa at BNP Paribas, adds: “Joining the Canton Foundation underscores BNP Paribas’ ongoing commitment to digital transformation and adopting distributed ledger technology to serve our evolving client needs.
“Participating in this initiative offers a valuable opportunity to collaborate with key industry players as we advance the long-term role of blockchain technologies in regulated finance.”
John O’Neill, group head of digital assets and currencies at HSBC, comments: “Driving liquidity in digital asset markets requires ecosystems with strong connectivity and market access.
“Joining the Canton Foundation will help HSBC to continue to contribute to a shift toward infrastructure that can support complex, multi-asset transactions with trust and transparency.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
