#DTCC Pilots Blockchain Treasury Tokens on #CantonNetwork
The Depository Trust & Clearing Corporation has received Securities and Exchange Commission approval to test blockchain-based representations of U.S. Treasury securities through its subsidiary. The pilot program launches in partnership with #DigitalAsset and Canton Network following a recent no-action letter.
DTC participants will convert Treasury entitlements held at the depository into tokens on a permissioned #blockchain during the limited trial. The underlying securities remain on DTCC's centralized ledger while tokens represent ownership rights rather than standalone instruments.
The initial test runs in the first half of 2026 using DTCC's ComposerX platform alongside Canton Network's compliance-focused infrastructure. Expansion depends on regulatory conditions and client demand after the trial period concludes.
$BTC and traditional finance convergence continues as tokenized #Treasury products reach approximately $9 billion in outstanding value, up from $2.5 billion one year ago. The growth reflects investor appetite for dollar-denominated yield that settles through blockchain rails.
