The Global Synchronizer Foundation, in conjunction with the Canton Network, the public layer one blockchain network with control and privacy, today announced that Goldman Sachs, Hong Kong FMI Services Limited, and Moody’s Ratings have joined the Global Synchronizer Foundation (GSF) as its newest members.
The additions to the GSF underscore the momentum and trust Canton Network reportedly fosters “across the financial services industry.”
These institutions’ commitment to participation in the GSF comes at a pivotal moment for the Canton Network, as the momentum behind tokenized assets grows and market participants “seek to unlock the potential of synchronized financial markets.”
Their inclusion reinforces the adoption of a decentralized financial infrastructure that “prioritizes privacy, control, and seamless interoperability—a combination essential for regulated financial institutions.”
The Global Synchronizer is a cornerstone of the Canton Network’s decentralized infrastructure, “providing real-time synchronization and interoperability for regulated financial assets.”
Unlike traditional systems that rely on “centralized governance” and data silos, the Canton Network is “governed by a community of participants, including financial institutions, fintech innovators, and service providers.”
This structure ensures that no single entity controls the network, “enabling greater trust, resilience, and innovation.”
As part of the GSF, Goldman Sachs, HKFMI, and Moody’s Ratings will play an important role in the “ongoing governance and expansion of this decentralized ecosystem.”
The GSF is an independent U.S.-based entity “composed of market participants dedicated to ensuring that the Global Synchronizer is governed transparently in a decentralized manner with organizational neutrality to maintain its integrity.”
The Linux Foundation supports the GSF under “an open governance model that fosters trust and neutrality.”
With the additions joining the ranks of more than 30 GSF participants, including Broadridge, Tradeweb, and Digital Asset, the Canton Network continues to “build on its reputation as a market-leading infrastructure.”
As mentioned in the announcement, the addition of these industry participants reflects “the accelerating demand for a decentralized public blockchain network with configurable privacy capable of handling the unique challenges of global capital markets.”
Global Synchronizer Foundation’s mission is “to foster the development and growth of the Global Synchronizer in the Canton Network and facilitate its governance.”
The GSF provides transparency and member engagement in “decisions made by the operators (Super Validators) of the Global Synchronizer to ensure a reliable, fair, and trusted service for the Canton Network.”
Blockchain applications in the Canton Network can “use the Global Synchronizer to enable atomic transactions across sovereign blockchains without sacrificing privacy or control.”
As noted in the update, the Canton Network is the public blockchain with “on-chain privacy essential to the seamless movement of assets and capital on decentralized open rails.”
With over $3.6 trillion in tokenized assets on-chain, its “institutional-grade” scale synchronizes “previously siloed systems with the configurable privacy and controls required to unlock asset mobility across tradfi and crypto ecosystems.”
Launched in July 2024, the public infrastructure is governed by the Global Synchronizer Foundation and “supported by the Linux Foundation to ensure organizational neutrality and foster innovation across the ecosystem.”