The Depository Trust and Clearing Corporation (DTCC) has announced a partnership with blockchain technology firm Digital Asset. The collaboration will enable the tokenisation of assets custodied by the Depository Trust Company (DTC) on Digital Asset’s privacy-focused blockchain, Canton Network.
This development follows DTC’s receipt of a no-action letter from the US Securities and Exchange Commission (SEC), which gives the firm approval to implement and operate a service to tokenise real-world, DTC-custodied assets.
The partnership represents the first time DTCC is attempting to mint a subset of US Treasury securities custodied by DTC on the Canton Network. DTCC reveals in a press release that the project will be unveiled in phases, with the first phase aiming to “deliver tangible benefits to market participants by providing access to digitised financial instruments in a secure and regulated environment”.
The next step is to develop a minimum viable product (MVP) in a controlled environment in the first half of 2026, then increase the size and scope of the project in response to client interest.
DTCC CEO Frank La Salla says of the project: “This collaboration creates a roadmap to bring real-world, high-value tokenisation use cases to market, starting with US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers.”
