PANews reported on May 5th, citing Forbes, that despite Wall Street's growing interest in blockchain and asset tokenization, many institutional projects remain in the pilot and proof-of-concept stages, with limited cases of projects actually entering production environments and generating real revenue. Canton CEO and Digital Asset co-founder Yuval Rooz stated that there is a "huge disconnect" between the promises of blockchain and actual online revenue.
The report states that the main bottleneck for institutional blockchain adoption is not the technology itself, but rather the ability to implement and deploy it. Kresus recently announced a partnership with Canton Network to help enterprises design, develop, and launch production-grade blockchain applications, from initial integration to large-scale deployment.
Kresus is reportedly collaborating with several global financial institutions to deploy blockchain applications on Canton, including a partnership with Hanwha Investment & Securities to develop a tokenized digital asset platform for private market assets. Canton Network, on the other hand, is positioned as a blockchain network for financial institutions, supporting configurable privacy and governance controls in a shared blockchain environment.
