Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization

Core Insights - The Depository Trust & Clearing Corporation (DTCC) has partnered with the privacy-focused Canton Network to tokenize a subset of U.S. Treasury securities [1] - The initiative follows DTCC receiving a No-Action Letter from the SEC, allowing the implementation of a new service for tokenizing DTC-custodied assets [1] Group 1: Partnership and Objectives - The partnership aims to create a Minimum Viable Product (MVP) in a controlled production environment by the first half of 2026, with plans for expansion based on client interest [2] - DTCC's CEO, Frank LaSalla, emphasized that this collaboration is a strategic step towards building a digital infrastructure that connects traditional and digital financial ecosystems [3] Group 2: Canton Network and Governance - The Canton Network is designed for institutions to issue and trade tokenized real-world assets while ensuring privacy and compliance [4] - DTCC will take a leadership role in the Canton Network's decentralized governance, co-chairing the Canton Foundation alongside Euroclear, which will allow DTCC to influence industry standards [5] Group 3: Industry Impact - DTCC's leadership in this initiative is expected to accelerate industry adoption and foster innovation, creating new liquidity opportunities and operational improvements [6]