DTCC to Tokenize U.S. Treasury Securities on Canton Network Following SEC Approval
The Depository Trust & Clearing Corporation (DTCC) will tokenize a select group of U.S. Treasury securities held at its subsidiary, the Depository Trust Company, on the Canton Network. The initiative, approved by the U.S. Securities and Exchange Commission (SEC) via a No-Action Letter, is set to begin testing in early 2026.
The project will initially focus on highly liquid assets, including Treasury bills, bonds, notes, and certain exchange-traded funds. DTCC's partnership with Digital Asset Holdings and the Canton Network aims to establish standards for digital financial systems, with the firm joining the network's governance team.
This MOVE marks a significant step in bringing traditional financial instruments onto blockchain infrastructure, operating within a regulated framework. Market participant interest will determine the scope of future expansion beyond the initial test phase.
