GBBC Joins Global Synchronizer Foundation

During Point Zero Forum, the Canton Network announced the go-live of the Global Synchronizer, its decentralized interoperability infrastructure.

The Global Synchronizer is operated and governed in a decentralized manner, with internet-like scalability, ensuring that no single party controls the service and there is no single point of failure, harnessing the benefits of decentralized finance.

GBBC is thrilled to announce our role as a governance participant under the Global Synchronizer Foundation, a project supported by The Linux Foundation. The Global Synchronizer Foundation is an independent entity that will provide transparency to governance actions carried out by super validators (the operators of the decentralized infrastructure) and ensure openness and organizational neutrality in the development and deployment of the Global Synchronizer and its related applications.

Yuval Rooz, CEO and Co-Founder of Digital Asset and Board Director, GBBC shared, “Having convened industry-leading firms over the past year for the initial launch and subsequent testing of the Canton Network, we are excited to have the governance and incentive mechanisms in place to facilitate the adoption and use of the Network as it goes live.”

Congratulations to the Canton Network, Digital Asset, and Linux Foundation teams for convening organizations from across traditional and digital finance to provide open governance, transparency, trust, and innovation to the future of finance.

• Learn more about the Global Synchronizer Foundation here.

• Read the full announcement about the Global Synchronizer here.