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The Depository Trust & Clearing Corporation (DTCC) has selected Digital Asset Holdings’ blockchain platform, the Canton Network, to support the tokenisation of assets held at its Depository Trust Company (DTC) subsidiary.
The decision follows the issuance of a no-action letter by the US Securities and Exchange Commission (SEC) to DTC last week, clearing the way for the launch of a new service focused on the tokenisation of real-world assets custodied within the DTC framework.
Under the partnership with Digital Asset, a defined subset of US Treasury securities held at DTC will be issued in tokenised form on the Canton Network, a blockchain designed with a strong emphasis on privacy and regulatory compliance. The parties plan to develop a minimum viable product within a controlled production environment in the first half of 2026.
DTCC noted that the initiative is expected to unfold over several years. The initial phase is intended to deliver practical value to market participants by enabling access to digitised financial instruments within a secure, regulated setting.
Frank La Salla, DTCC’s Chief Executive Officer, said the collaboration establishes a clear pathway for bringing large-scale tokenisation use cases to market.
“This collaboration creates a roadmap to bring real-world, high-value tokenisation use cases to market, starting with US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers,” he said.
As part of the arrangement, DTCC will take on a leadership role within the Canton Network’s decentralised governance framework, joining the Canton Foundation as co-chair alongside Euroclear.
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