DTCC to mint tokenized US Treasurys on Digital Asset’s Canton Network after SEC‑approved three‑year pilot; MVP targeted H1 2026

first published 2025-12-17T13:00:00Z

The Depository Trust & Clearing Corporation will enable a subset of US Treasury securities custodied at the Depository Trust Company to be minted on the permissioned Canton Network (Digital Asset) following a rare SEC no‑action letter. DTCC plans a controlled minimum viable product by H1 2026, aims to expand to a broad set of DTC‑eligible assets (Treasury bills, bonds, notes and major‑index ETFs) over multiple years, and will co‑chair Canton governance with Euroclear. Officials call it an important step toward on‑chain capital markets, though broader DeFi integration will take time.

AI Analysis

Fact: SEC issued a no‑action letter permitting DTCC’s securities tokenization service on pre‑approved blockchains; DTCC will mint a subset of DTC‑custodied US Treasurys on the Canton Network and aims for an MVP in H1 2026 with later expansion to ETFs and other DTC‑eligible assets; DTCC will co‑chair Canton governance with Euroclear. These facts point to institutional adoption (positive) but a controlled, multi‑year rollout reduces near‑term market impact.

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