Visa announced it is adding five blockchains to its stablecoin settlement pilot: Arc, Base, Canton, Polygon, and Tempo, bringing its total supported network count to nine. The expansion follows growing settlement volume on existing chains and reflects Visa's push to position stablecoin rails as a viable alternative to traditional correspondent banking settlement. Canton, notably, is purpose-built for institutional financial market infrastructure.
For Armada's crypto repo desk, this matters because counterparties such as market makers and family offices may increasingly settle obligations or hold collateral on these chains. The desk's Fireblocks custody setup must be verified to support any chains where counterparties could deliver tokenized collateral or stablecoin margin. Canton's institutional focus warrants specific attention given its potential use for tokenized T-Bill settlement.