Why It Matters: This is the first time a multinational company has run a payroll using private stablecoins, addressing long-standing barriers around data privacy and operational risk that have kept institutions from using crypto for core finance functions.

How It Worked: 

- Private stablecoins were issued and moved on Canton’s blockchain

- Sensitive payroll data remained confidential through institutional-grade privacy controls

- The payment was settled instantly and securely, unlike slow traditional wire systems that take days and expose sensitive details