Overview
- DTCC will use Digital Asset’s Canton Network to create tokenized representations of a subset of U.S. Treasuries custodied at DTC.
- The SEC recently issued a no-action letter authorizing a limited, three-year production pilot for tokenizing DTC-custodied assets under specified controls.
- An MVP is targeted for the first half of 2026 in a controlled production environment, with scope to expand based on client demand.
- DTCC will join Euroclear as co-chair of the Canton Foundation, taking a leadership role in the network’s governance and standards setting.
- Canton’s architecture supports selective visibility to preserve institutional privacy and compliance, and DTCC says a list of other supported networks will be provided later within the pilot framework.