For years, blockchain had promise in the finance industry, but lacked the liquidity and connectivity to scale. Yuval Rooz, CEO and co-founder of Canton Network, believes that era is now ending. The problem: Legacy friction Traditional banking still depends on millions of costly, slow and error-prone messages as institutions attempt to reconcile fragmented records across systems. Repurchase agreement (repo) trades highlight the problem. Moving cash and collateral typically requires multiple intermediaries, manual checks and settlement delays that can stretch for days. Public blockchains such as Ethereum offer speed, but their full transparency creates a different obstacle, exposing sensitive transaction data that banks cannot legally or competitively disclose. At the heart of the issue is a structural trade off. Banks need shared networks to scale efficiency, yet legacy infrastructure and open ledgers force a choice between operating in isolation or revealing too much information. The result has been a patchwork of…
