MPCH is a founding infrastructure provider for the Canton
Network's decentralized, interoperability backbone as
it continues to lead the way in the responsible tokenization and
atomic exchange of regulated real world assets.
NEW
YORK, July 1, 2024 /PRNewswire-PRWeb/ -- MPCH,
the cutting-edge cryptographic storage solutions company that
provides physical and digital security solutions for enterprises'
most sensitive digital assets, has joined the Canton Network, a
privacy-enabled, interoperable blockchain network designed
specifically for institutional assets. As one of the founding
participants in the Canton Network's decentralized
interoperability backbone, MPCH will play an active role in
supporting the operations, governance, and delivery of
infrastructure and applications to the Canton Network via its
Global Synchronizer, which launched today.
We are thrilled to join the Canton
Network's Global Synchronizer and Super Validator program. We
recognize the transformative potential of the Canton Network in
bridging the gap between privacy and interoperability within the
institutional, blockchain ecosystem.
This launch marks a pivotal step towards unlocking the full
potential of synchronized financial markets, providing
first-of-its-kind connectivity for the tokenization and
frictionless exchange of regulated financial assets and
liabilities. For the first time, the capital markets ecosystem has
a network that unifies production networks and participants already
digitizing every part of the capital markets value chain, with
infrastructure operators like MPCH enabling an organizationally
neutral service that supports new connections and liquidity across
these networks, assets, and value pools.
Miles Parry, MPCH CEO, shared "We
are thrilled to join the Canton Network's Global Synchronizer and
Super Validator program. We recognize the transformative potential
of the Canton Network in bridging the gap between privacy and
interoperability within the institutional, blockchain ecosystem. As
an infrastructure provider, this initiative not only aligns with
our commitment to innovation but also enhances our ability to
provide secure, efficient, and regulatory-compliant solutions to
our clients."
"We've taken a long-term strategic view on what was needed to
enable truly synchronized global capital markets, and today marks a
huge milestone," said Yuval Rooz,
CEO and Co-Founder of Digital Asset. "After testing the
infrastructure for over a year and launching it in collaboration
with industry-leading firms like MPCH, the Canton Network now has
an industry-run connectivity backbone that benefits all
participants, and provides transparent governance and incentives to
support its growth."
The Global Synchronizer is the first decentralized
infrastructure for the Canton Network. To facilitate transparent
and fair governance of the Global Synchronizer, the Linux
Foundation has added the Global Synchronizer Foundation (GSF) as an
official project. MPCH is also joining the GSF as a member to
participate and collaborate in the ecosystem. Digital Asset, the
original creators of the Canton
blockchain protocol, has also open-sourced the core technology for
decentralized Canton
synchronization domains, maintained as Splice, a Hyperledger Lab.
This makes the same core code implemented by the Global
Synchronizer and Canton Coin openly available to other
organizations to develop decentralized Canton synchronization infrastructure.
MPCH provides cryogenic cold storage integrated with
ultra-secure, in-house developed Sensitive Compartmented
Information Facilities (SCIFs), customized Hardware Security
Modules (HSMs) based on zero-trust and zero-knowledge
architectures, and unique Multi-Party Computation (MPC) technology
for secure authentication and sharing.
To learn more, please visit the MPCH Website.
For media inquiries, please contact Phil
LeRoy at (310) 260-7901 or Phil(at)MelrosePR(dot)com.
About MPCH
MPCH specializes in cutting-edge cryptographic storage solutions
designed to provide maximum security for enterprises' most
sensitive digital assets, including private keys, secrets and
private data. Our approach integrates multiple layers of both
physical and cyber defenses to establish fortified security
measures based on zero-trust and zero-knowledge principles. Our
comprehensive approach future-proofs digital infrastructure against
current and emerging threats, including those posed by advancements
in AI and quantum computing technology.
Our services include cryogenic cold storage integrated with our
ultra-secure, in-house developed Sensitive Compartmented
Information Facilities (SCIFs), customized Hardware Security
Modules (HSMs) based on zero-trust and zero-knowledge
architectures, and our unique Multi-Party Computation (MPC)
technology for secure authentication and sharing. This blend of
stringent physical security and leading-edge cryptography forms a
'Fort Knox' for protecting digital assets, corporate keys,
data-intensive computations, and network infrastructure.
About the Canton Network
The Canton Network is the financial industry's first and only
public chain that can achieve on-chain privacy, control, and
interoperability, making it the most suitable network for
institutional assets. The Network launched for testing with the
participation of a group of leading financial institutions,
infrastructure providers, technology firms, and consultants in
August 2023. Initially built upon
Digital Asset's technology, the Network's controls, governance, and
app development have been open-sourced and
decentralized to be managed by all participants, with
the goal of fostering greater innovation and Network utility. The
Canton Network's design overcomes the shortfalls of existing
blockchain networks by enabling previously siloed systems in
finance to become interoperable and synchronized in ways that had
been impossible before. Offering the privacy and controls required
for highly regulated organizations, the Canton Network creates a
safe environment in which assets, data, and cash can move freely
across applications in real time, unlocking new efficiencies and
powering innovation.
Media Contact
Phil LeRoy, Melrose PR, (310)
260-7901, phil@melrosepr.com, https://www.mpch.com/
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SOURCE MPCH