The Depository Trust & Clearing Corporation (DTCC) is partnering with the Canton Network and its founder Digital Asset to tokenize assets held in custody by the DTC. As a first step, a subset of US Treasuries held in the DTC will be tokenized, with plans for a minimum viable product in a controlled environment in the first half of 2026. The DTCC will also become co-chair of the Canton Foundation, which governs the Canton Network, alongside Euroclear.
This partnership is made possible by last week’s announcement that the SEC has provided a no action letter allowing the DTC to tokenize securities. On that occasion, the DTCC said it will go into production in the second half of 2026. The DTCC anticipates that the full roadmap for the partnership will evolve over several years.
“Our goal is to enable the industry and DTC Participants to take advantage of tokenization capabilities that enhance liquidity, operational efficiency and market transparency,” said Brian Steele, Managing Director, President, Clearing & Securities Services at DTCC. “This effort builds upon DTCC’s prior collateral mobility experiment and is part of the firm’s broader strategy to advance a secure, transparent and interoperable digital asset ecosystem that leverages the full potential of blockchain technology across network providers while ensuring the resiliency and safety of traditional markets.”
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