According to Canton Network’s official announcement on April 30, Global Settlement Network (GSN) has been approved as both a validator and featured application on the Canton Network, while deploying its GSX ID credentialing platform to the ecosystem. The integration enables institutions to complete compliance verification once and reuse verified credentials across multiple applications and services within Canton, reducing duplicate KYC, AML, and investor qualification procedures. GSN Co-Founder Kyle Sonlin stated that the move addresses a major inefficiency where institutions currently repeat identical verification procedures with every counterparty. The initiative includes support from ecosystem partners including Texture Capital, Black Manta Capital Partners, Particula, and Archax, which will assist with broker-dealer distribution, risk ratings, and cross-border investment services.
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