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DTCC to Tokenize US Treasuries on Canton Network with SEC Backing

DTCC to Tokenize US Treasuries on Canton Network with SEC Backing

According to the SEC, DTCC has approval for a limited Canton Network pilot tokenizing U.S. Treasuries, with ownership tokens mapped to DTCC’s central ledger; initial trials are slated for H1 2026.

Summary

DTCC received SEC approval to conduct a limited pilot on the Canton Network to tokenize U.S. Treasury holdings. Tokens will represent ownership interests, while the underlying securities remain recorded on DTCC’s central ledger. The initial trial is expected in H1 2026.

Terms & Concepts
  • Tokenization: The process of converting rights to an asset into digital tokens recorded on a blockchain.
  • Canton Network: A privacy-focused, institution-grade blockchain enabling issuance and settlement of tokenized assets with legal and compliance controls.
  • Central ledger: DTCC’s authoritative record-keeping system where actual securities positions are maintained.