Nearly a year after launching, the blockchain network that brought together top banks like Goldman Sachs and BNY Mellon is finally being tested, according to Bloomberg.

Goldman Sachs, BNY Mellon, Cboe Global Markets and several other firms have completed a series of tests on Canton Network, an interoperable "network designed for institutional assets" created by the firm Digital Asset Holdings.  The new network first launched last May and was meant to begin testing in July 2023. Microsoft and Deloitte were said to be participating at the time of launch.

According to Bloomberg, this recent test is one of the most extensive experiments of its kind. Simulated assets were used during the test, also according to the report.

"Participants executed more than 350 simulated transactions on …