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This Week: Goldman, Cboe, Microsoft and others plan new blockchain network; LSEG taps OpenFin for Workspace; and more

A summary of the latest financial technology news.

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Major industry players partner on blockchain network for institutional assets

Digital Asset and a number of financial firms plan to launch the Canton Network, a privacy-enabled, interoperable blockchain network designed for institutional assets. Other participants in the project include ASX, BNP Paribas, Broadridge, Cboe Global Markets, Deloitte, Deutsche Börse Group, Goldman Sachs, Microsoft, Moody’s, S&P Global, and several more.

The Canton Network aims to provide a decentralized

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

MCP is dead, long live MCP

The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.

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