The Depository Trust & Clearing Corporation (DTCC), a clearing and settlement market infrastructure owned by the industry, has chosen the privacy-centric Canton Network as its tokenization partner, as announced on Tuesday.
This collaboration will allow a portion of U.S. Treasury securities held at DTC to be tokenized on the Canton Network, following DTCC’s recent receipt of a No-Action Letter from the SEC to implement and manage a service for tokenizing real-world assets held by DTC.
The two organizations aim to develop a Minimum Viable Product (MVP) within a controlled production environment during the first half of 2026, with intentions to broaden the project’s scale and scope in subsequent months based on client interest, according to the press release.
“DTCC’s partnership with Digital Asset and the Canton Network marks a significant advancement as we collaborate within the industry to establish a digital infrastructure that effectively connects traditional and digital financial systems, offering unparalleled scalability and safety,” stated Frank LaSalla, CEO of DTCC.
The Canton Network is designed for institutions to generate and trade tokenized real-world assets, like bonds, loans, and funds, on a shared ledger while ensuring privacy and compliance with legal standards. Digital Asset, the firm behind Canton, boasts backing from major Wall Street firms such as BlackRock, Blackstone, Nasdaq, S&P Global, Goldman Sachs, and Citadel Securities.
Apart from the tokenization initiative, DTCC will play a leading role in the Canton Network’s decentralized governance framework, becoming a co-chair of the Canton Foundation alongside Euroclear. This position will allow DTCC to actively contribute to establishing industry standards for decentralized financial infrastructure, the organizations noted.
“DTCC’s leadership in this domain not only boosts industry adoption but lays the groundwork for substantial innovation, unlocking new liquidity avenues, products, and operational enhancements,” remarked Yuval Rooz, Co-Founder and CEO of Digital Asset.
Read more: Canton Network Creator Snags Strategic Investment from Wall Street Giants
