BNP Paribas and HSBC join Canton Network to promote blockchain asset tokenization

According to Cointelegraph, BNP Paribas and HSBC joined Canton Foundation, a development organization focused on asset tokenization, showing the organization's continued interest in blockchain technology. Canton Network focuses on institutional finance, with its core lies in real asset tokenization, compliance and interoperability. The addition of BNP Paribas and HSBC will drive the maturity of the blockchain industry and support the liquidity of the digital asset market. BNP Paribas participated in Digital Asset’s $135 million financing, aiming to accelerate institutional adoption and decentralized finance. HSBC is applying for a stablecoin license in Hong Kong and exploring the application of blockchain in custody, tokenization and bond issuance. According to Cointelegraph, the institutional demand for tokenized real assets is shaping the cryptocurrency narrative of 2025, marking a significant difference from the cycle dominated by retail speculation in the 2017 and 2021 bull markets.