Headline: DTCC Taps Privacy-Focused Canton Network to Tokenize U.S. Treasuries — MVP Targeted for H1 2026
The Depository Trust & Clearing Corporation (DTCC) has picked the privacy-centered Canton Network as its tokenization partner, marking a major step toward bringing tokenized, regulated securities onto a permissioned distributed ledger.
What’s happening
- DTCC will enable a subset of U.S. Treasury securities custodied at DTC to be minted as tokens on the Canton Network.
- The move follows a No-Action Letter from the U.S. Securities and Exchange Commission that cleared DTCC to implement and operate a tokenization service for real-world, DTC-custodied assets.
- DTCC and Digital Asset (the firm behind Canton) are aiming for a minimum viable product (MVP) in a controlled production environment in the first half of 2026, with plans to scale the initiative based on client demand.
Why it matters
- DTCC is the backbone of U.S. clearing and settlement infrastructure; its adoption of a tokenization platform signals stronger institutional appetite for digitizing traditional securities.
- Canton is designed to let institutions issue and trade tokenized real-world assets — bonds, loans, funds, and now certain U.S. Treasuries — while preserving privacy and regulatory compliance on a shared ledger.
- The project could unlock new liquidity, product types, and operational efficiencies across the market if adoption grows.
Governance and industry backing
- DTCC will take a leadership role within Canton Network’s decentralized governance and will join the Canton Foundation as co-chair alongside Euroclear — positioning the clearinghouse to help shape standards for decentralized financial infrastructure.
- Digital Asset’s Canton Network counts major financial firms among its backers, including BlackRock, Blackstone, Nasdaq, S&P Global, Goldman Sachs, and Citadel Securities.
Quotes
- “DTCC’s partnership with Digital Asset and the Canton Network is a strategic step forward as we collaborate across the industry to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and safety,” said Frank LaSalla, CEO of DTCC.
- “DTCC’s leadership in this space not only accelerates industry adoption but establishes a foundation for meaningful innovation, unlocking new liquidity opportunities, products, and operational improvements,” said Yuval Rooz, Co-Founder and CEO of Digital Asset.
Bottom line
This partnership pairs DTCC’s market infrastructure clout with Canton’s privacy-first tokenization tech — a combination that could materially advance institutional tokenization of regulated securities once the H1 2026 MVP is proven and client demand guides expansion.
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