Visa, Brale test privacy-enabled SBC settlement on Canton

Visa and Brale completed a pilot that settled the SBC stablecoin on the Canton Network using privacy controls to limit which participants could view transaction details.

The trial moved SBC between participating wallets and recorded final settlement on the distributed ledger. Transaction data was encrypted or access-restricted so that only designated parties could see full payment information.

The companies conducted the test to evaluate whether a privacy-enabled settlement layer can process stablecoin transfers while keeping payment details confidential from unrelated network participants.

The pilot exercised Canton Network’s configurable privacy and access controls to initiate transfers, execute ledger entries, and ensure settlement finality. The trial applied cryptographic techniques and permissioned access to restrict reading of on-chain records to counterparties and required infrastructure providers.

No commercial rollout was announced. The firms characterized the activity as a technical test of interoperability and privacy controls rather than the start of a production service. The pilot did not report changes to user balances outside the controlled test environment.

The test follows other technical trials exploring stablecoins and ledger privacy for business payments and cross-border transfers. Canton Network is designed to support multi-party settlement with configurable privacy, and stablecoins such as SBC are commonly used in pilots to examine tokenized cash settlement on distributed ledgers.