Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization
DTCC selected the privacy-focused Canton Network to tokenize a subset of its custodied U.S. Treasury securities.Summary
The Depository Trust & Clearing Corporation (DTCC) has chosen the Canton Network, a privacy-focused blockchain created by Digital Asset, as its partner for tokenizing assets. This collaboration will allow a subset of U.S. Treasury securities held at DTC to be minted on the Canton Network, following DTCC's recent SEC No-Action Letter approval for tokenizing real-world, DTC-custodied assets. The organizations plan to launch a Minimum Viable Product (MVP) in the first half of 2026. Furthermore, DTCC will take a leadership role in the Canton Network's governance as co-chair of the Canton Foundation alongside Euroclear, helping to set industry standards for decentralized financial infrastructure. Digital Asset, the firm behind Canton, is backed by major Wall Street entities like BlackRock, Goldman Sachs, and Citadel Securities.
(Source：CoinDesk)