Visa and Brale Partner to Test Private Stablecoin Settlement on Canton Network | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Visa has announced a collaboration with stablecoin infrastructure firm Brale to explore privacy-enabled, blockchain-based settlement for institutional payment flows, using SBC — a U.S. dollar-backed stablecoin issued by Brale — on the Canton Network.
The proof of concept will assess how Canton’s privacy architecture can support faster, more programmable settlement while allowing financial institutions and payment companies to retain strict control over the visibility of sensitive transaction data. Unlike many public blockchain networks, Canton is specifically designed to let participants transact on shared infrastructure without exposing confidential transaction details to all network participants.
Visa first enabled stablecoin settlement in 2021, and has been gradually expanding its blockchain capabilities since, allowing VisaNet obligations to be settled using supported stablecoins. The latest collaboration with Brale represents a step toward evaluating SBC as an additional stablecoin option for institutional use cases, with the asset’s native support on Canton offering a practical testing ground.
Cuy Sheffield, Head of Crypto at Visa, said: “Through our work with Brale, we’re exploring how SBC on the Canton Network can support institutional settlement use cases that require both programmability and privacy controls.”
Ben Milne, founder and CEO of Brale, added that financial institutions are “increasingly looking for stablecoin infrastructure that meets their operational, regulatory, and privacy requirements,” and described the Visa collaboration as “an important step toward making stablecoin-based settlement more practical and scalable.”
The announcement reflects growing institutional demand for compliant blockchain settlement solutions, as the broader stablecoin market continues to mature. Visa views stablecoins as a “scalable, next-generation settlement layer for global payments.”
