CANVAS, the creator of the industry leading privacy focused Layer 2 Blockchain network and Bitbond, a pioneer in tokenization and digital asset management, today announced that they have formed a strategic alliance to make tokenization of assets confidential, more accessible and efficient for financial institutions, governments and corporates.

In this article by the Australian Stock Exchange (ASX), Paul Stonham discusses the increasing significance of blockchain technology in the financial sector, and the role of companies such as CANVAS in the context of digitizing money and real world assets.

On May 17, 2023, eAUD was traded by crypto fund managers DigitalX and TAF Capital against the stablecoin USD Coin as per Canvas, which is a blockchain infrastructure provider. Canvas reported that compared to the traditional foreign exchange and remittance networks which were “slow, expensive and prone to errors”, the FX transaction using eAUD was instantly settled.

Yesterday, blockchain startup CANVAS announced the successful execution of its central bank digital currency (CBDC) trial in Australia, using the eAUD to test foreign exchange (FX) transactions.

Canvas’ test explored use of eAUD in tokenized FX settlements, which could point toward the benefits of using the CBDC over fiat currencies and existing settlement platforms.

The first foreign exchange (FX) transaction using the the Reserve Bank of Australia’s central bank digital currency (CBDC) has been a success. Canvas Digital CEO David Lavecky said the Canvas CBDC exchange demonstrated how the RBA’s eAUD can be used to trade AUD for other international currencies quickly and more efficiently.

The integration introduces Canvas AI, a new service offered as a ChatGPT plugin, combining the power of blockchain technology with advanced AI capabilities, redefining the way clients transact tokenised assets, analyse financial performance, assess risk, and maintain regulatory compliance.

Join Daniel Lavecky, Co-Founder of global fintech CANVAS, on Startup Daily as he explores groundbreaking advancements in the digitisation of finance at the RBA Conference Demo Day. Daniel dives into the intricate details of facilitating the historic first-ever FX transaction using the Australian CBDC, eAUD, to USDC stablecoin.

The Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFRC), is holding a CBDC pilot demo day today in Sydney. The Canvas demo focused on how foreign exchange (forex) trading of an AUD CBDC for USDC (one of the crypto industry’s leading US-dollar stablecoins) can work on Canvas’ Financial Market Applications and on its ZK Layer 2 privacy network – Canvas Connect.

Australia made its first foreign exchange transaction using eAUD, the CBDC piloted in the country. The transaction was done using Canvas, an Ethereum Layer 2 that uses Zero Knowledge roll-up technology. Canvas CEO David Lavecky discusses the company's role in the country's approach to testing the use of central bank digital currencies.

Australia’s plan for a central bank digital currency (CBDC) has hit a new milestone after recording its first foreign exchange (FX) transaction using the experimental eAUD. The transaction was settled on the Canvas’ Connect platform built on Ethereum, which the firm says will offer users “privacy, high speed and low transaction costs,” according to Canvas.

Canvas and DigitalX Limited (ASX:DCC), a prominent ASX-listed blockchain technology firm, revealed today that they have collaborated with Canvas Connect, the privacy focused ZK Layer 2 blockchain, to integrate it into their operations.

The historic trade was conducted as part of the Reserve Bank of Australia’s (RBA) and Digital Finance Cooperative Research Centre (DFCRC) CBDC pilot. CANVAS, is a global financial technology company with a mission to digitize finance and was selected to test FX transactions and International remittances with the RBA’s CBDC - the eAUD.

On Ausbiz’s ‘The Close’ (18/05/23), CANVAS CEO David Lavecky discusses the first-ever eAUD to USDC stablecoin transaction. Lavecky highlights its significance, potential impact on digital finance, and the future of blockchain technology. Discover more about CANVAS’s role in this milestone

Our thoughts about the first-ever Foreign Exchange (FX) transaction using an Australian Central Bank Digital Currency (CBDC).

Canvas recognised as finalists in the 2023 Fintech Australia Finnies Awards. This achievement is a reflection of the steadfast support from our clients, ecosystem partners, and our exceptional team, as we work together to weave the fabric of the financial future.

Our views on the delicate equilibrium between innovation and compliant privacy in the realm of blockchain-based finance. It explores the challenges and opportunities arising from the integration of blockchain technology in financial systems, highlighting the importance of preserving privacy.

In this interview with Sky News Australia's First Edition on 13th March 2023, David Lavecky, CEO of CANVAS, discusses the recent failure of SVB (Silicon Valley Bank). He provides insights into the reasons behind the failure and its potential impact on the technology & banking industry.

An enlightening conversation our CEO David Lavecky had with Dexter Cousins on the Blockchain Chatter podcast. They discussed Blockchain Privacy, the Future of Finance, and our company’s startup journey.

GlobalStablecoins.com discusses how CANVAS performing Tokenised FX with a CBDC on an Ethereum Layer 2 network is leading the way in CBDC Innovation.

In this interview with ausbiz, CANVAS CEO David Lavecky discusses the recent collapse of Silicon Valley Bank and the impact it may have on the startup and technology ecosystem. Lavecky shares his perspective on the situation and offers insights into what entrepreneurs can expect in the coming months.

We discuss how CBDCs are fundamental building blocks of a digital economy and enable instant, secure and low cost transactions. However, its essential they are developed and implemented with care and thought.

CEO David Lavecky explains how CANVAS will pilot atomic settlement of foreign exchange between a CBDC and USDC. He explains the role of our zero-knowledge Layer 2 network to offer the resilience of a Public Blockchain with the assurance of privacy.

Our CEO David Lavecky was interviewed by the Australian Financial Review, a leader in business, finance and investment news. He discussed our involvement in the RBA eAUD CBDC pilot and the future of digital finance.

CANVAS has been selected to participate in the RBA eAUD CBDC pilot being run by the Digital Finance CRC. The full use case for our Tokenised FX Settlement has been published, please click here to read more.

CANVAS has been selected as one of the 14 participants in the Reserve Bank of Australia's (RBA) eAUD CBDC pilot. We will be showcasing showcasing Tokenised FX Settlement between eAUD and USDC on our ZK Layer 2 Network.

CEO David Lavecky & Head of Product Tim Moddel having a wide ranging & thought-provoking conversation with Liron Hayman from StarkWare. We explore the future of finance and the transformative power of Privacy & Blockchain technology

Our CEO David Lavecky speaks on the panel at StarkWare Sessions 2023. He discusses the role of CANVAS in bringing the Real World of Finance to Blockchain

Crowdfund Insider reports how Canvas has launched an L2 scaling solution for gasless DeFi transactions, which aims to reduce the high fees and slow transaction times associated with Ethereum-based DeFi platforms

Our Launch Announcement at TOKEN2049 - Brining the next billion users to the Digital Economy

CANVAS is excited to announce CANVAS Connect — the L2 scaling solution built from the ground up for DeFi, is now landing on Testnet

The Layer 2 Scaling Solution for DeFi

Canvas works with Smith & Singer to offer cryptocurrency as payment method for an upcoming sale of Brett Whiteley masterpieces that includes the ­record-breaking Henri’s Armchair.

During the Custody & Digital Assets Roundtable at Blockchain Australia Week 2022, CANVAS CEO David highlighted the important developments in custody technology and need for appropriate regulations to safeguard assets.

CANVAS joins initial cohort for Institutional AAVE