Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot a blockchain-based system for d
- Digital Asset and Paul Ryan's American Idea Foundation are piloting a blockchain-based system for distributing state benefits across three US states using the Canton Network.
- The RISE program aims to consolidate various benefits into unified payments with spending rules and automatic adjustments for income changes, enhancing transparency and compliance for agencies.
- This initiative expands Canton's use case beyond institutional finance into public benefits, following its recent involvement in tokenized US Treasury trades and Japanese government bonds.
Topics: Jurisdictions, Infrastructure providers, Scalability, Regulatory sandboxes pilots, Tokenization platforms, Institutional capital inflows
Tags: #digitalasset #cantonnetwork #paulryan #americanideafoundation #blockchainbenefitssystem #stateadministeredbenefits #riseprogram #tokenization #governmentsecurities #ustreasuries
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