Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected the privacy-focused Canton Network as a tokenization partner, the companies said on Tuesday.
The partnership, which will enable a subset of US Treasuries held at DTC to be minted on the Canton Network, follows DTCC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenize DTC-custodial assets in the real world.
The organizations are working toward an MVP in a controlled production environment during the first half of 2026, with plans to expand the project’s size and scope in subsequent months, based on customer interest, according to the press release.
“DTCC’s partnership with Digital Asset and Canton Network is a strategic step forward as we collaborate across industries to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and security,” said Frank LaSalla, CEO of DTCC.
The Canton Network was designed to enable institutions to issue and trade real-world tokenized assets, such as bonds, loans and funds, on a shared ledger while maintaining privacy and regulatory compliance. Digital Asset, the company behind Canton, is backed by powerful Wall Street firms including BlackRock, Blackstone, Nasdaq, S&P Global, Goldman Sachs and Citadel Securities.
In addition to the tokenization initiative, DTCC will take a leadership position within Canton Network’s decentralized governance structure, joining the Canton Foundation as a co-chair alongside Euroclear. This new role will enable DTCC to actively participate in setting industry standards for decentralized financial infrastructure, the companies 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,” said Yuval Rooz, co-founder and CEO of Digital Asset.
Read more: Canton Network Creator grabs strategic investment from Wall Street Giants
