Visa announced Wednesday that it will join Canton Network as the first major global payments company to serve as a Super Validator, helping extend privacy-preserving blockchain infrastructure to banks and financial institutions worldwide.
As a Super Validator with voting powers to shape Canton's network decisions, Visa will help institutions experiment with and scale stablecoin payments, settlement, and treasury use cases without changing how they manage risk, compliance, and operations.
“Many banks see the lack of privacy as a dealbreaker for moving meaningful activity on-chain,” said Rubail Birwadker, Visa’s global head of growth products and strategic partnerships, in a statement. “By operating as a Super Validator on Canton Network, we’re bringing Visa-grade trust, governance and operational rigor that define Visa’s global network to privacy‑preserving blockchain infrastructure, so regulated financial institutions can bring payments on-chain without having to rethink how they operate.”
Canton's configurable privacy model allows institutions to adopt blockchain without compromising confidentiality—addressing concerns that banks can't run payroll if salaries are public and trading firms can't reveal positions without hurting price discovery.
The move builds on Visa's expanding digital asset work, including stablecoin settlement that has reached an annualized run rate of $4.6 billion globally and stablecoin-linked card programs spanning more than 130 programs across more than 50 countries.
