Digital Asset and Paul Ryan's American Idea Foundation to Pilot Blockchain Benefits System

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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Digital Asset and Paul Ryan Foundation Launch Canton Pilot for US State Benefits - Crypto Economy

Digital Asset and the American Idea Foundation launched the RISE initiative on Canton to manage state benefits across three US states in 2027.

• Digital Asset and the American Idea Foundation have launched the RISE pilot program on Canton Network to modernize the distribution of US state benefits.
• The initiative aims to unify public resource allocation through programmable smart contracts, offering configurable privacy for real-time auditing and compliance.
• The pilot is slated for rollout in three US states in Q1 2027, pending federal regulatory approval, and seeks to improve financial stability for beneficiaries.

Topics: Jurisdictions, Infrastructure providers, Scalability, Regulatory sandboxes pilots, Tokenization platforms, Institutional capital inflows

Tags: #cantonnetwork #digitalasset #paulryan #statebenefits #riseinitiative #distributedledgertechnology #smartcontracts #publicservices #pilotprogram #regulatoryapproval

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Canton Network tapped for US benefits pilot in 3 states

Canton Network will support a three-state US pilot combining public benefits into programmable payments from early 2027, pending federal approval.

• Canton Network has been selected to power a three-state US pilot program, 'RISE', aimed at consolidating public benefits into programmable payments starting early 2027, pending federal approval.
• The pilot will leverage Canton Network's capabilities to enforce spending rules, manage recipient data privacy, and recalculate assistance based on household income changes, addressing penalties for recipients entering the workforce.
• This initiative, supported by Digital Asset and the American Idea Foundation, seeks to modernize the social safety net by improving efficiency, accountability, and recipient support through blockchain technology.

Topics: Jurisdictions, Infrastructure providers, Integration with defi, Regulatory sandboxes pilots, Tokenization platforms, On chain treasury management

Tags: #cantonnetwork #usbenefitspilot #programmablepayments #riseprogram #digitalasset #americanideafoundation #paulryan #governmentbenefits #spendingrules #dataprivacy

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