DTCC taps Canton Network, a digital asset to simulate US Treasuries
Key receivers
DTCC selects Canton Network as a privacy-focused blockchain token initiative. The move demonstrates DTCC's commitment to modernize market infrastructure using distributed ledger technology.
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The Depository Trust & Clearing Corporation (DTCC) has partnered with Digital Asset and Canton Network to enable the tokenization of US Treasuries held by the Depository Trust Company (DTC), according to a Wednesday press release.
The strategic partnership marks DTCC's first step towards making DTC-owned properties available on the chain. The Wall Street giant was granted permission last week to operate a real-world asset-token service after the SEC issued a no-action letter.
Through the partnership, DTCC expects to establish a common infrastructure layer that supports privacy, compliance and institutional controls.
“This collaboration creates a roadmap for bringing real-world, high-value token use cases to market, starting with US Treasury securities and eventually expanding to a broader range of DTC-eligible assets,” DTCC CEO Frank La Sala said in a statement.
In the year The service, which will be operational in 2026, will allow digital representation of a variety of assets, including the Russell 1000, major index ETFs and US Treasury securities, providing the same legal rights and protections as traditional forms.
The multi-year initiative aims to deliver a regulated, interoperable digital asset infrastructure, efficiency gains and new liquidity opportunities in capital markets.
