SBI rebrands its security subsidiary as Digital Practice to develop financial infrastructure on the Canton Network.
Tech & Launches ·
SBI has rebranded its security subsidiary as Digital Practice, positioning the unit to develop financial infrastructure on Canton Network, a privacy-enabled layer-1 blockchain designed for institutional onchain markets. The move signals SBI's commitment to building on a platform engineered for regulated financial institutions seeking to move real assets and complex workflows onchain while maintaining privacy and regulatory compliance.
Canton Network operates as a permissionless layer-1 protocol where applications can implement granular data controls, allowing participants to see only the transaction details they are entitled to access while maintaining atomic composability across the network. This architecture enables use cases such as tokenized Treasury trades settled simultaneously across multiple applications—a design distinct from monolithic chains that rely on a single global ledger replicated across all nodes.
The rebranding and infrastructure focus reflect broader institutional adoption momentum on Canton, though the specific scope of Digital Practice's development roadmap and timeline remain undefined. SBI's involvement joins other major financial players building on the network, though details on the scale and nature of the planned infrastructure remain open.