Canton is the blockchain designed for institutions. @CantonNetwork is a public blockchain built for regulated entities, with programmable privacy at the smart contract level through Daml. Each application provider can define their own privacy, permissions, and governance rules. Daml also supports interoperability across applications and external systems, with concepts for capturing the rules that govern real world business transactions. Institutions do not operate in isolation. They need infrastructure that can connect across counterparties while maintaining compliance at every step. The participant list already includes Goldman Sachs, BNP Paribas, Deutsche Börse Group, and Franklin Templeton. Transparency is a spectrum, from fully public blockchains to traditional settlement where only participants see transactions. Canton operates in the middle ground that institutions need, offering auditability for regulators while preserving confidentiality for client flows. Banks operate under guidelines like the Bank Secrecy Act, which mandates knowing precisely who sent what, to whom, and under what conditions. Public pseudonymous ledgers cannot satisfy this, but Canton can. As regulatory constraints get solved at the infrastructural level, 2026 could mark an acceleration in institutional adoption that overshadows what we have seen so far.(Delphi Digital)