Bitwave, the all-in-one digital asset finance stack, has completed its payments integration with the Canton Network, enabling enterprises to execute payments directly against invoices through programmable, on-chain workflows.
Instead of treating invoices, payments, and settlement as separate systems, Bitwave Payments links them into a single transaction layer, where each payment is cryptographically tied to its originating obligation. This creates a unified structure that can be automated, financed, or settled in real time.
For enterprise and institutional finance teams, the integration helps automate accounts payable workflows while maintaining verifiable, privacy-enabled audit trail options through on-chain invoicing and enterprise-grade infrastructure on Canton.
The disconnect of traditional payments and cash flow
Traditionally, invoices, payments, and cash flow are managed across disconnected AR/AP and treasury systems. This fragmentation creates delays, manual overhead, and poor visibility into real-time financial positions. These challenges can become even more pronounced for teams managing digital assets across multiple platforms.
Bitwave, using the privacy features of the Canton Network, addresses this problem by unifying invoices, payments, and settlement into one auditable system encoded in smart contracts.
“What we’ve built here with Canton is a system where enterprises can pay and reconcile in a single, unified on-chain environment,” said Pat White, CEO and Co-Founder of Bitwave.
“We’re now living in a world where institutional and enterprise finance teams can automate AP workflows and access liquidity faster, closing the gap between when revenue is earned and when cash is actually received,” White added.
How Bitwave and Canton enable new financial workflows
By allowing participants to connect their own nodes and define privacy settings, Canton enables secure coordination between counterparties without exposing sensitive financial data. Bitwave Payments brings this capability to enterprise and institutional users, enabling direct transactions with counterparties in a private and secure environment for managing, approving, and reconciling invoices.
This enables:
- Financial workflows for invoices, payments, and terms
- Multi-party coordination without data leakage
- Enterprise adoption through stronger privacy and control
What Canton uniquely enables
These workflows rely on Canton’s ability to coordinate multi-party financial transactions while preserving privacy. Unlike public blockchains, Canton allows counterparties to share only the specific transaction data required for execution, making it more suitable for enterprise-grade financial operations involving invoices, on-chain payments, and receivables financing.
“Legacy payment workflows remain fragmented and inefficient,” said Eric Saraniecki, Head of Network Strategy at Digital Asset. “This integration with Bitwave enables enterprises to programmatically settle on-chain to unlock working capital benefits without compromising privacy, control or compliance.”
Programmable treasury automation and built-in controls
The Bitwave Payments management system on Canton supports atomic payments with multiple participants, enabling coordination between counterparties. Bitwave also provides permissioned access through whitelisting and flexible wallet integration across custodial and non-custodial providers.
Finance teams can automate more complex payment workflows, including batch payments to multiple counterparties. Because payments are executed directly against invoices on-chain, every transaction is cryptographically linked to its original financial obligation. This creates a built-in audit trail and reduces the need for manual reconciliation between disconnected systems.
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