WalletConnect has announced its integration with Canton Network, a blockchain designed for institutional finance, to enhance its global ecosystem. The partnership, initially revealed at EthCC in Cannes, aims to leverage Canton's privacy-focused infrastructure to facilitate stablecoin payments, tokenized real-world assets, and DeFi applications. WalletConnect's ecosystem, which supports 700 crypto wallets and 70,000 decentralized applications, will now have access to Canton's network, which processes over $8 trillion in tokenized assets monthly. Canton Network, which claims to be a public, permissionless blockchain, has faced industry criticism for its governance model, which some argue resembles a permissioned database. Despite this, Canton has gained significant institutional traction, with JPMorgan planning to issue a USD-denominated deposit token on the network and the DTCC selecting it for tokenizing U.S. Treasury securities. This move underscores the growing demand for institutional-grade privacy solutions in the blockchain space.