DTCC and Digital Asset will work to tokenise a subset of DTC-custodied US Treasuries on the Canton Network.
The Depository Trust & Clearing Corporation (DTCC), Digital Asset Holdings, and the Canton Network have announced a partnership to enable tokenisation of DTC-custodied assets on the Canton Network, beginning with a subset of US Treasury securities.
DTCC said the announcement follows its receipt of a No-Action Letter from the US Securities and Exchange Commission to implement and operate a new service to tokenise real-world, DTC-custodied assets.
The organisations are working towards a minimum viable product (MVP) in a controlled production environment during the first half of 2026, with plans to expand the project’s size and scope thereafter based on client interest. DTCC plans to leverage its ComposerX suite of platforms to support the tokenisation initiative.
Frank LaSalla, CEO of DTCC, said: “This collaboration creates a roadmap to bring real-world, high-value tokenisation use cases to market, starting with U.S. Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers.”
Yuval Rooz, Co-Founder and CEO of Digital Asset, said: “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.”
DTCC also said it will assume a leadership position within the Canton Network’s decentralised governance structure, joining the Canton Foundation as co-chair alongside Euroclear.
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