DTCC starts tokenizing US Treasuries on Canton in Q2 2026 — Enzyme parking Onyx and Myso there by Q3 means DeFi fund admin and options infrastructure land on the same L1 as the world's largest securities depository. Covered calls on DTCC-tokenized T-bills with fully on-chain settlement via Myso is the structured product primitive RWA has been waiting for, and Canton's privacy model (selective disclosure, not public mempool) is what actually gets compliance sign-off from institutional desks. Only 15 managers live on Onyx so far, but Canton's consortium — Goldman, BNP Paribas, Deutsche Börse — is the kind of distribution you can't bootstrap on an EVM L2.

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