Quick take:
- The announcement follows DTC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenize real-world, DTC-custodied assets.
- The partnership allows DTCC to enable a subset of U.S. Treasury securities custodied at DTC to be minted on the Canton Network.
- The companies plan to launch an MVP in a controlled production environment by the first half of 2026, with a bigger rollout set to follow in the months after, depending on client interest.
The Depository Trust & Clearing Corporation (DTCC) has announced a partnership with Digital Asset Holdings (Digital Asset) and the privacy-focused blockchain, Canton Network, to enhance U.S. Treasury Securities tokenization.
The partnership allows DTCC to enable a subset of U.S. Treasury securities custodied at Depository Trust Company (DTC) to be minted on the Canton Network. The announcement follows DTC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenize real-world, DTC-custodied assets.
According to the press release seen by NFTgators, the companies plan to launch an MVP in a controlled production environment by the first half of 2026, with a bigger rollout set to follow in the months after, depending on client interest. The phased approach has been chosen to help ensure flexibility and adaptability.
Commenting on the announcement, Frank La Salla, CEO of DTCC, called his company’s partnership with Canton Network a step forward as the two companies collaborate across the industry to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and safety.
“This collaboration creates a roadmap to bring real-world, high-value tokenization use cases to market, starting with U.S. Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers,” he said.
Yuval Rooz, Co-Founder and CEO of Digital Asset, commented: “This partnership reflects the collective ambition of leading market participants to create future-proof, interoperable financial ecosystems. 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.”
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