Visa participates in a blockchain governance proposal for the first time, joining the Canton Network as a super validator.

PANews reported on March 26 that, according to The Block, global payments giant Visa has joined the Canton network as a super validator, marking the company's first participation in a blockchain governance proposal. Visa's application was approved on March 23, granting it the highest super validator weight of 10. Visa stated that it will "work with institutions to drive Canton into production" to complement its existing payments, settlement, and funds management strategies, and leverage Canton's payment layer to expand its stablecoin business.

Canton is a privacy-focused, permissionless Layer 1 blockchain backed by institutional investors such as BNP Paribas, Citadel Securities, Depository Trust & Clearing Corporation, and Goldman Sachs, as well as crypto companies like Circle and Paxos. The network currently has 849 validators, including 42 super validators from companies such as DTCC, Nasdaq, Broadridge, Tradeweb, Chainlink, and YZi Labs. Visa has stated it will continue to maintain a "public blockchain neutrality" stance.