DTCC Partners with Digital Asset and Canton Network to Tokenize U.S. Treasury Securities
DTCC has partnered with Digital Asset Holdings and the Canton Network to tokenize a subset of DTC-custodied U.S. Treasury securities, with plans to mint and use these tokenized assets on Canton starting in 2026. A minimum viable product is targeted for release in the first half of 2026, with an expansion in subsequent phases based on market demand. The tokenized U.S. Treasuries are intended to be exchanged in near-real-time with stablecoins and other digital assets in a regulated environment that emphasizes privacy and controls. This initiative represents DTCC's first on-chain step for DTC-custodied assets, following a No-Action Letter from the SEC that provides regulatory clarity for the on-chain strategy and enables the tokenization of real-world assets at DTC. DTCC will leverage its ComposerX suite of platforms to facilitate tokenization and interoperability across market infrastructures. DTCC CEO Frank LaSalla stated that the collaboration builds a roadmap to bring real-world high-value tokenization to market, starting with U.S. Treasury securities and eventually expanding to other DTC-eligible assets. Digital Asset Co-Founder and CEO Yuval Rooz highlighted that the partnership reflects a shared ambition to build interoperable, future-proof financial systems and has the potential to unlock liquidity, new products, and operational efficiencies in capital markets. The long-term goal is to connect traditional post-trade infrastructure with distributed ledger technology in a regulated, institution-ready environment, following a multi-year roadmap for expansion.
