DTCC to Tokenize US Treasurys on Canton Blockchain
The Depository Trust and Clearing Corporation (DTCC) will begin tokenizing US Treasury securities on the permissioned Canton Network blockchain, with plans to expand tokenization to other DTC-eligible assets such as ETFs and large-cap equities. The initiative received a three-year “no-action” letter from the US Securities and Exchange Commission, granting regulatory approval for tokenization on pre-approved blockchains. DTCC aims to launch a minimum viable product by the first half of 2026 and intends to expand based on client demand. The company will also co-chair the Canton Network’s governing body. The SEC described this as a significant advancement for onchain capital markets, but analysts note integration with broader crypto and DeFi ecosystems will be gradual as technology, infrastructure, and regulatory frameworks evolve. Tokenized assets are currently on private blockchains, limiting immediate DeFi interaction but suggesting potential long-term growth as composability improves.
