DTCC to Tokenize US Treasurys on Canton Blockchain
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The Depository Trust and Clearing Corporation said it is set to bring tokenized US Treasurys onchain, and plans to expand to a “broad spectrum” of assets in the future. The DTCC said on Wednesday that it plans to “enable a subset of US Treasury securities” custodied at its subsidiary, the Depository Trust Company, to be minted on the Canton Network, a permissioned blockchain created by the fintech company Digital Asset. “This collaboration creates a roadmap to bring real-world, high-value tokenization use cases to market, starting with US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers,” said DTCC CEO Frank LaSalla. The DTCC runs crucial market infrastructure for clearing, settlement and trading of US securities and reported that its subsidiaries processed $3.7 quadrillion in securities transactions last year. Frank LaSalla speaking with CNBC’s “Crypto World” on Friday after receiving the SEC’s no-action letter. Source: YouTube The company received a rare “no-action” letter from the Securities and Exchange Commission on Thursday that greenlit a securities tokenization service “on pre-approved blockchains for three years,” and confirmed that the agency won’t take enforcement action against DTCC if its product operates as described. More securities to be tokenized The trio is working to launch a minimum viable product in a controlled environment by the first half of 2026, and the DTCC stated that it will “increase the size and scope of the project in the months that follow based upon client interest.” It added that the whole partnership roadmap between the three companies would “unfold over multiple years,” but for now it aims to provide access to “digitized financial instruments in a secure and regulated environment.” The DTCC said last week that the SEC’s letter “applies to a defined set of highly liquid assets,” including US Treasury bills,…
Filed under: News - @ December 18, 2025 4:24 am