DTCC partners with Digital Asset Holdings and the Canton network
17 December 2025 US
Image: 49./stock.adobe.com
The Depository Trust & Clearing Corporation (DTCC) alongside Digital Asset Holdings and the Canton Network, have announced a new partnership to enable the tokenisation of The Depository Trust Company (DTC) - custodied assets on the Canton Network.
The partnership announcement follows DTC’s recent receipt of a No-Action Letter from the US Securities and Exchange Commission (SEC) to implement and operate a new service to tokenise real-world, DTC - custodied assets.
With this partnership, DTCC plans to enable a subset of US Treasury securities custodied at DTC to be minted on the Canton Network.
The organisations are working towards a minimum viable product in a controlled production environment during the first half of 2026, with plans to increase the size and scope of the project in the months that follow based upon client interest.
DTCC will leverage its ComposerX suite of platforms to enable the tokenisation of US Treasury securities custodied at DTC.
While the full DTCC, Digital Asset and Canton Network partnership roadmap is anticipated to unfold over multiple years, the first phase aims to deliver tangible benefits to market participants by providing access to digitised financial instruments in a secure and regulated environment.
Frank La Salla, CEO of DTCC, says: “DTCC’s partnership with Digital Asset and the Canton Network is a strategic step forward as we collaborate across the industry to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and safety.
“This collaboration creates a roadmap to bring real-world, high-value tokenisation use cases to market, starting with the US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers.”
Yuval Rooz, co-founder and CEO of Digital Asset, adds: “This partnership reflects the collective ambition of leading market participants to create future-proof, interoperable financial ecosystems.
“DTCC’s leadership in this space not only accelerates industry adoption but establishes a foundation for meaningful innovation, unlocking new liquidity opportunities, products, and operational improvements.”
Brian Steele, managing director, president, Clearing and Securities Services at DTCC, says: “Our goal is to enable the industry and DTC participants to take advantage of tokenisation capabilities that enhance liquidity, operational efficiency and market transparency.
“We welcome the opportunity to partner with Digital Asset and the Canton Network to bring this first, production environment activity live.
“This effort builds upon DTCC’s prior collateral mobility experiment and is part of the firm’s broader strategy to advance a secure, transparent and interoperable digital asset ecosystem that leverages the full potential of blockchain technology across network providers while ensuring the resiliency and safety of traditional markets.”
The partnership announcement follows DTC’s recent receipt of a No-Action Letter from the US Securities and Exchange Commission (SEC) to implement and operate a new service to tokenise real-world, DTC - custodied assets.
With this partnership, DTCC plans to enable a subset of US Treasury securities custodied at DTC to be minted on the Canton Network.
The organisations are working towards a minimum viable product in a controlled production environment during the first half of 2026, with plans to increase the size and scope of the project in the months that follow based upon client interest.
DTCC will leverage its ComposerX suite of platforms to enable the tokenisation of US Treasury securities custodied at DTC.
While the full DTCC, Digital Asset and Canton Network partnership roadmap is anticipated to unfold over multiple years, the first phase aims to deliver tangible benefits to market participants by providing access to digitised financial instruments in a secure and regulated environment.
Frank La Salla, CEO of DTCC, says: “DTCC’s partnership with Digital Asset and the Canton Network is a strategic step forward as we collaborate across the industry to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and safety.
“This collaboration creates a roadmap to bring real-world, high-value tokenisation use cases to market, starting with the US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers.”
Yuval Rooz, co-founder and CEO of Digital Asset, adds: “This partnership reflects the collective ambition of leading market participants to create future-proof, interoperable financial ecosystems.
“DTCC’s leadership in this space not only accelerates industry adoption but establishes a foundation for meaningful innovation, unlocking new liquidity opportunities, products, and operational improvements.”
Brian Steele, managing director, president, Clearing and Securities Services at DTCC, says: “Our goal is to enable the industry and DTC participants to take advantage of tokenisation capabilities that enhance liquidity, operational efficiency and market transparency.
“We welcome the opportunity to partner with Digital Asset and the Canton Network to bring this first, production environment activity live.
“This effort builds upon DTCC’s prior collateral mobility experiment and is part of the firm’s broader strategy to advance a secure, transparent and interoperable digital asset ecosystem that leverages the full potential of blockchain technology across network providers while ensuring the resiliency and safety of traditional markets.”
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