The Depository Trust & Clearing Corporation and Digital Asset to bring onchain DTC and Fed eligible securities to Canton
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Making 24/7 liquidity and financing a reality
By bringing these instruments on-chain in a secure and regulated environment, market participants have already demonstrated they can conduct off-hours financing while improving settlement speed and overall capital efficiency.
- The initial phase focuses on U.S. Treasuries (USTs), creating on-chain assets held by DTCC members and custodied at The Depository Trust Company (DTC).
- Broader industry rollout is expected in 2H 2026, including additional DTC - and Fed-eligible assets.
Get Involved
The Depository Trust & Clearing Corporation (DTCC) and Digital Asset are partnering to tokenize U.S. Treasuries on Canton.
If you are a DTC participant, buy-side firm or a Canton application provider, find out more.
For more information about how Canton Network App providers can utilize assets created via the DTCC Tokenization Service, click here.
How we got here
In July 2025, a broad industry group completed live 24/7 trades, successfully achieving onchain intraday and after-hours financing using onchain USTs on Canton Network. Beyond providing near-instant liquidity and atomic settlement outside of market hours, Canton’s unique privacy capabilities assured confidentiality, while still benefiting from decentralized public blockchain infrastructure.
The working group has since completed several additional onchain repo transactions - real-time and over the weekend - demonstrating the creation and use of onchain USTs financed with multiple stablecoins. Using interoperable apps on Canton, collateral was reused, and repos were executed and settled entirely onchain.