The Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected the privacy-focused Canton Network as its tokenization partner, the companies announced Tuesday.
The partnership, which will allow a subset of U.S. Treasury securities held at DTC to be issued 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 to build 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 months following, based on customer interest, according to the press release.
“DTCC’s partnership with Digital Asset and Canton Network is a strategic step as we collaborate across the industry to build a digital infrastructure that seamlessly connects traditional and digital financial ecosystems and provides unparalleled 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 complying 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 take 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 area not only accelerates industry adoption, but also lays the foundation for meaningful innovation, opening new opportunities for liquidity, product 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
