Canton Token Rises Around 25% after DTCC Outlines Tokenized Treasury Plans

Canton Coin (CAN) experienced a significant rally, climbing approximately 27% over the past week, driven by the Depository Trust & Clearing Corporation's (DTCC) recent announcement. The DTCC plans to tokenize a portion of US Treasury securities held at its Depository Trust Company subsidiary using the Canton Network. Frank La Salla, CEO of DTCC, stated this collaboration establishes a roadmap for bringing real-world tokenization use cases to market, starting with US Treasuries. The Canton Network is a permissioned blockchain for regulated financial institutions to handle tokenized real-world assets, with Canton Coin as its native token. This price movement contrasts sharply with the broader crypto market, where Bitcoin and Ether were relatively flat or slightly down. The tokenization of real-world assets (RWA) is a major crypto narrative, with the total value of tokenized RWAs tripling over the past year to roughly $19 billion, largely fueled by tokenized US Treasuries, which now account for about $9 billion.

(Source：Cointelegraph)