Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected privacy-focused Canton Network as a tokenization partner, the companies said on Tuesday.
The partnership, which will allow a subset of U.S. Treasury securities 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 real-world assets held by DTC.
The organizations are working toward an MVP in a controlled production environment during the first half of 2026, with plans to expand the size and scope of the project in the following 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 the industry to build a digital infrastructure that seamlessly bridges traditional and digital financial ecosystems and provides unmatched scalability and security,” said Frank LaSalla, CEO of DTCC.
Canton Network was designed to allow institutions to issue and trade real-world tokenized assets, such as bonds, loans, and funds, on a shared ledger while maintaining privacy and compliance with legal requirements. 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 assume a leadership position within the Canton Network’s decentralized governance structure, joining the Canton Foundation as co-chair alongside Euroclear. This new role will allow DTCC to actively participate in setting industry-wide standards for decentralized financial infrastructure, the companies said.
“DTCC’s leadership in this space not only accelerates industry adoption, but also establishes a foundation for significant innovation, unlocking new opportunities for liquidity, products and operational improvements,” said Yuval Rooz, co-founder and CEO of Digital Asset.
Read more: Canton Network creator secures strategic investment from Wall Street giants
