Major Banks and Firms Complete Test of Canton Network for Tokenized Assets

• Digital Asset completed a test of its Canton Network for tokenized assets with 15 asset managers, 13 banks, 4 custodians, and 3 exchanges • The test allowed firms to transact and settle tokenized assets for fund registry, digital cash, repo, securities lending, and margin management • Over 350 simulated transactions tested the network's ability to connect applications to enable secure, atomic transactions across capital markets • The interest is driven by a focus on tokenization - realizing existing financial assets as blockchain-based tokens • Additional participants included major financial institutions like BNP Paribas, Cboe, DTCC, Nomura, State Street, and Visa