The Canton Network was awarded the Digital Assets Industry Collaboration of the Year award at the 7th Regulation Asia Awards for Excellence 2024.

The Digital Assets Industry Collaboration of the Year award recognises initiatives that foster collaboration across industry stakeholders to advance the development of the digital assets sector. This award celebrates projects that tackle interoperability challenges, support regulatory compliance, and create innovative frameworks that drive sustainable growth within the ecosystem. By recognising exemplary partnerships, this award aims to promote collaborative efforts that can help shape the future of digital finance.

The Canton Network, launched by Digital Asset in collaboration with more than 30 financial industry leaders, was recognised for its groundbreaking approach to building a secure, interoperable digital asset network. The network combines the decentralisation of public blockchains with the privacy and compliance needed of regulated industries, enabling seamless data sharing while maintaining data integrity. This highly scalable architecture sets a new standard for the digital assets sector, facilitating collaboration across various stakeholders, including major financial institutions, market infrastructure, technology providers and regulatory bodies.

“The Canton Network stands out as a transformative force in the digital assets space,” said one judge on the Regulation Asia Awards panel. “Its unique approach to combining decentralised innovation with regulatory compliance sets a new benchmark for secure and scalable digital asset networks, paving the way for a more interconnected and resilient future financial ecosystem.”

“This recognition underscores the Canton Network’s leadership in addressing key industry challenges like interoperability, security, and regulatory compliance,” said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. “It establishes a collaborative framework that not only meets regulatory demands but also sets a new standard for industry connectivity, paving the way for sustainable and scalable growth in digital finance.”

About the Regulation Asia Awards for Excellence 2024

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2024 winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.