U.S. DTCC selects 'Canton' as blockchain partner…"Treasury securities can be tokenized"

The U.S. Depository Trust & Clearing Corporation (DTCC) has selected Canton Network (CC) as a blockchain partner.

According to CoinDesk on the 17th (local time), DTCC announced that it had selected Canton Network as its tokenization partner. CoinDesk reported, "Through this partnership, some of the U.S. Treasury securities held by DTCC can be tokenized on the Canton Network," and added, "(The partnership) follows DTCC's receipt of a letter from the U.S. Securities and Exchange Commission (SEC) authorizing it to implement and operate a new service that tokenizes physical assets."

DTCC will, as a result of the partnership, take on a co-chair position of the Canton Network Foundation. Frank LaSala, DTCC Chief Executive Officer (CEO), said, "The partnership with Canton Network will seamlessly connect the traditional finance and digital finance ecosystems," and added, "(The partnership) is a strategic advancement to collaborate across the industry to build digital infrastructure that provides scalability and security."