Depository Trust & Clearing Corporation (DTCC), an industry-owned clearing and settlement market infrastructure, has selected privacy-focused Canton Network as its tokenization partner, the companies announced Tuesday.
The partnership enables a portion of DTC-custodial U.S. Treasury securities to be minted on the Canton Network and follows DTCC's recent receipt of a no-action letter from the SEC to implement and operate a new service to tokenize real-world DTC-custodial assets.
According to a press release, the organizations are working to achieve MVP in a controlled production environment in the first half of 2026, with plans to expand the size and scope of the project in the coming months based on client interest.
“DTCC's partnership with Digital Asset and Canton Network is a strategic step forward for us to collaborate across the industry to build a digital infrastructure that seamlessly bridges traditional and digital financial ecosystems and provides unparalleled scalability and security,” said Frank LaSala, CEO of DTCC.
The Canton Network was designed to enable institutions to issue and trade tokenized real-world assets such as bonds, loans, and funds on a shared ledger while maintaining privacy and compliance with legal requirements. The digital assets backing Canton are backed by leading Wall Street firms including BlackRock, Blackstone, Nasdaq, S&P Global, Goldman Sachs, and Citadel Securities.
In addition to the tokenization initiative, DTCC will assume a leadership position within the decentralized governance structure of the Canton Network, joining the Canton Foundation as co-chair alongside Euroclear. This new role will allow DTCC to actively participate in setting industry-wide standards for decentralized financial infrastructure, the companies said.
“DTCC's leadership in this space will not only accelerate industry adoption, but also establish a foundation for meaningful innovation, enabling new liquidity opportunities, products and operational improvements,” said Yuval Ruth, co-founder and CEO of Digital Asset.
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