The Depository Trust & Clearing Corporation (DTCC) will begin a limited pilot to place representations of U.S. Treasury securities held at its depository subsidiary onto a blockchain, marking the first live test of onchain assets directly tied to DTC custody under U.S. regulatory approval. The project, announced Wednesday in partnership with Digital Asset and the Canton Network, follows a recent Securities and Exchange Commission no-action letter allowing DTC to experiment with tokenizing certain security entitlements within a narrowly defined framework.
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DTCC begins limited onchain Treasury test on Canton Network after SEC greenlight
"Our goal is to enable participants to take advantage of tokenization capabilities while maintaining the legal certainty and safeguards of today’s markets," DTCC President of Clearing & Securities Services Brian Steele said in a statement.
