DTCC and Digital Asset Partner to Bring Tokenized U.S. Treasuries On-Chain via Canton, Unlocking Real-Time Settlement and Global Collateral Mobility in 2026

The Depository Trust & Clearing Corporation (DTCC) and Digital Asset are launching a tokenization initiative that will bring DTC‑custodied U.S. Treasuries on-chain via the Canton Network, with a broader industry rollout targeted for the second half of 2026. DTCC will use its ComposerX digital asset platforms and the infrastructure of The Depository Trust Company (DTC) to create on‑chain representations of U.S. Treasuries that can be used for real‑time settlement, intraday financing, and collateral mobility across interoperable applications on Canton. According to DTCC’s December 2025 announcement, the initial phase focuses on U.S. Treasury securities held at DTC, which will be tokenized so that DTCC members can access both traditional and blockchain-based liquidity pools while keeping the underlying assets in the existing regulated custody framework. DTCC positions this as part of its broader tokenization strategy, where DTC issues tokenized “digital twins” of traditional securities that remain fully integrated with legacy post‑trade processes, allowing firms to move between conventional book‑entry settlement and on‑chain settlement as needed. The rollout roadmap described around Canton indicates initial activity in U.S. Treasuries, followed by expansion to other DTC‑ and Fed‑eligible securities and a broader industry deployment expected in 2H 2026. This production path builds directly on earlier pilots DTCC and Digital Asset ran on Canton, where an industry group used tokenized U.S. Treasuries as collateral in margin and repo transactions and demonstrated 24/7 intraday and after‑hours financing with near‑instant, atomic settlement. Those pilots showed that on‑chain “digital twin” Treasuries could be pledged and recalled in real time, reused across multiple clearinghouses and prime brokers, and supported secured party control and close‑out mechanics under existing U.S. legal frameworks. By operationalizing these capabilities at DTCC scale—DTCC cites over $100 trillion in asset inventory as potential convertible supply—the initiative is intended to increase collateral mobility and capital efficiency, while testing how a regulated market utility can use permissioned blockchain infrastructure (Canton) to modernize settlement without abandoning existing regulatory and risk-management structures. "entities":["DTCC (The Depository Trust & Clearing Corporation)","The Depository Trust Company (DTC)","Digital Asset","Canton Network","ComposerX (DTCC’s digital asset/tokenization platform suite)","U.S. Treasury securities / U.S. Treasuries","DTC-eligible securities","Fed-eligible securities"]}`'}

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• [PDF] US Treasuries use case DTCC's LedgerScan connecting to Canton ... (digitalasset.com)
• DTC and Fed-eligible securities on Canton (canton.network)
• DTCC Advances Development of New Tokenization Service ... (tradeweb.com)
• Tokenizing Real-World Assets | DTCC Digital Assets (dtcc.com)
• [PDF] Digital Assets and the Treasury Market (home.treasury.gov)

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• Canton Network
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