The Depository Trust and Clearing Corporation (DTCC) is preparing to tokenize US Treasuries, marking a significant move toward digital settlement in global finance.
The initiative will utilize the Canton Network, a blockchain platform designed for secure and privacy-enabled transactions.
Following approval from the US Securities and Exchange Commission (SEC), DTCC plans a controlled institutional rollout.
Canton network gains institutional backing
DTCC selected the Canton Network due to its ability to maintain confidential data while enabling cross-chain liquidity.
Cyprx Research Lab reported that Canton’s design aligns with both regulatory requirements and institutional priorities.
The network has attracted investment from major financial institutions, including Goldman Sachs, Citadel, BNP Paribas, Tradeweb, and DRW.
In total, Canton raised $135 million, demonstrating strong confidence from traditional finance players.
DTCC and Euroclear co-chair the Canton Foundation, ensuring governance aligns with global settlement practices.
Analysts note this involvement could standardize tokenized finance procedures.
Canton provides a hybrid environment where private and public chains interact.
According to Cyprx Research Lab, this setup facilitates secure and compliant asset transfers while expanding market access.
The governance model allows post-trade institutions to guide operational standards, further integrating digital and traditional settlement infrastructures.
Roadmap for tokenized treasuries
DTCC plans to launch a minimum viable product (MVP) for tokenized US Treasuries in the first half of 2026.
Cyprx Research Lab stated this phase aims to enable near-instantaneous settlement and 24/7 processing.
Expansion to other asset classes is expected by the second half of 2026, increasing liquidity across global markets.
The collaboration between DTCC and Euroclear will further strengthen connectivity and standardization across tokenized securities.
The SEC’s approval signals institutional acceptance of blockchain-based securities, according to Cyprx Research Lab.
This project may serve as a model for future tokenization in finance.
By integrating digital frameworks with established post-trade infrastructure, DTCC aims to modernize settlement while maintaining regulatory compliance.