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DTCC Chooses Canton Network to Tokenize a Subset of U.S. Treasuries

SEC no-action relief enables a controlled, privacy-focused pilot targeting a minimum viable product in the first half of 2026.

Overview

  • DTCC will mint tokenized representations of select U.S. Treasury securities custodied at DTC on the Canton Network in a supervised pilot.
  • DTCC will co-chair the Canton Foundation alongside Euroclear, taking a leadership role in the network’s governance.
  • An MVP is planned in a controlled production environment in H1 2026, with potential phased expansion based on client demand.
  • DTCC will use its ComposerX platforms to support token issuance and interoperability across market infrastructures.
  • Canton’s architecture provides selective visibility for institutional privacy and compliance, aligning with regulatory constraints set by the SEC staff relief.