Wall Street’s $4 quadrillion backbone to roll out tokenized US Treasurys

The Depository Trust and Clearing Corporation (DTCC), which processes $3.7 quadrillion in securities transactions annually, announced plans to enable a subset of its custodied US Treasury securities to be tokenized and minted on the Canton Network, a permissioned blockchain developed by Digital Asset. This move follows the DTCC receiving a rare three-year "no-action" letter from the SEC, greenlighting the securities tokenization service on pre-approved blockchains. The initial rollout, a minimum viable product, is targeted for the first half of 2026, with plans to expand to a broad spectrum of DTC-eligible assets based on client interest over multiple years. DTCC CEO Frank LaSalla stated this creates a roadmap for high-value tokenization use cases. While SEC Chair Paul Atkins called the initiative an "important step towards onchain capital markets," analysts like NYDIG's Greg Cipolaro expect the integration of these tokenized Real-World Assets (RWAs) into the wider decentralized finance (DeFi) ecosystem will take time as infrastructure and regulations evolve.

(Source：Cointelegraph)