SEC Clears DTCC Path for Tokenizing US Treasurys on Canton Network
The post SEC Clears DTCC Path for Tokenizing US Treasurys on Canton Network appeared on BitcoinEthereumNews.com.
The SEC has approved the Depository Trust and Clearing Corporation (DTCC) to launch a tokenization service for US Treasurys on the Canton Network, enabling secure onchain minting of these assets starting in 2026. This initiative marks a significant step toward integrating traditional finance with blockchain technology, beginning with high-value securities and expanding to other assets. SEC No-Action Letter: Grants DTCC three years to operate the service on pre-approved blockchains without enforcement action. Tokenization Focus: Initial rollout targets US Treasury bills, bonds, notes, and major index-tracking ETFs on the permissioned Canton Network. Market Impact: DTCC processed $3.7 quadrillion in transactions last year, signaling potential for tokenized assets to transform securities settlement with data from DTCC reports. Discover how DTCC’s tokenization of US Treasurys on Canton Network is revolutionizing finance. SEC approval paves the way for secure, onchain assets—explore the future of tokenized securities today. What is DTCC’s Tokenization Service for US Treasurys? DTCC’s tokenization service involves minting a subset of US Treasury securities custodied at its subsidiary, the Depository Trust Company, directly onto the Canton Network, a permissioned blockchain developed by Digital Asset. This service, greenlit by the SEC through a no-action letter last week, allows for the creation of digital representations of these assets in a regulated environment. By starting with highly liquid US Treasurys and planning expansions to other DTC-eligible assets, the initiative aims to enhance efficiency in clearing, settlement, and trading processes for the US securities market. The Depository Trust and Clearing Corporation, a cornerstone of US financial infrastructure, announced on Wednesday that it will enable this tokenization to bring real-world assets onchain securely. DTCC CEO Frank LaSalla emphasized that this collaboration with Digital Asset and the Canton Foundation creates a roadmap for high-value use cases, beginning with US Treasurys and eventually covering a broad spectrum of assets…
