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Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization

2025/12/17 21:00
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Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization

Canton creator Digital Asset will help tokenize DTC-custodied U.S. Treasury securities.

By Ian Allison|Edited by Aoyon Ashraf
Dec 17, 2025, 1:00 p.m.
DTCC sponsorship (Coindesk archives)

What to know:

  • The partnership follows DTCC’s recent receipt of a "No-Action Letter" from the SEC, which allows it to implement and operate a new service to tokenize real-world, DTC-custodied assets.
  • DTCC will join the Canton Foundation as co-chair alongside Euroclear.

The Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected the privacy-focused Canton Network as a tokenization partner, the companies said on Tuesday.

The partnership, which will enable a subset of U.S. Treasury securities custodied at DTC to be minted on the Canton Network, follows DTCC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenize real-world, DTC-custodied assets.

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The organizations are working towards an MVP in a controlled production environment during the first half of 2026, with plans to expand the project's size and scope in the months that follow, based on client interest, according to the press release.

“DTCC’s partnership with Digital Asset and the Canton Network is a strategic step forward as we collaborate across the industry to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and safety,” said Frank LaSalla, CEO of DTCC.

The Canton Network was designed to enable institutions to issue and trade tokenized real-world assets, such as bonds, loans, and funds, on a shared ledger while maintaining privacy and compliance with legal requirements. Digital Asset, the firm behind Canton, is backed by powerful Wall Street firms including BlackRock, Blackstone, Nasdaq, S&P Global, Goldman Sachs, and Citadel Securities.

In addition to the tokenization initiative, DTCC will assume a leadership position within the Canton Network’s decentralized governance structure, joining the Canton Foundation as co-chair alongside Euroclear. This new role will enable DTCC to actively participate in setting industry-wide standards for decentralized financial infrastructure, the companies said.

“DTCC’s leadership in this space not only accelerates industry adoption but establishes a foundation for meaningful innovation, unlocking new liquidity opportunities, products, and operational improvements,” said Yuval Rooz, Co-Founder and CEO of Digital Asset.

Read more: Canton Network Creator Snags Strategic Investment from Wall Street Giants

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