DTCC, the world's largest post-transaction group, is partnering with Digital Asset to issue Tokenize US Treasury bonds, aiming to deploy MVPs in the first half of 2026 after receiving a no-action letter from the SEC.
The Depository Trust & Clearing Corporation (DTCC), a post-transaction service provider handling $3.7 quadrillion in securities transactions in 2024, has announced a significant step in its asset Tokenize strategy through a partnership with Digital Asset Holdings. Under this agreement, DTCC will issue Token backed by US Treasury bonds held in custody at Depository Trust Company (DTC) on the Canton Network chain platform.
This initiative marks the shift of a pillar in global financial infrastructure towards chain technology. DTCC, with over 50 years of experience supporting post-transaction infrastructure and managing $99 trillion in assets across more than 150 countries, is betting on the potential of Distributed Ledger technology to restructure how securities are traded.
The project is being implemented according to a clear roadmap, with the first phase focusing on developing a minimum viable product (MVP) in a controlled environment, expected to be completed in the first half of 2026. Subsequent phases will expand the scope and functionality based on market feedback. To connect traditional infrastructure with the decentralized ecosystem, DTCC will utilize the ComposerX solution, enabling seamless integration between the two technology environments.
A breakthrough in legal and governance aspects.
A key factor in the project's success lay in the fact that the U.S. Securities and Exchange Commission (SEC) issued a no-action order to DTC. This order essentially allowed DTC to deploy and operate its real-world asset Tokenize (RWA) service without concerns about legal compliance issues, setting an important precedent for the industry.
In addition to its operational Vai , DTCC also assumes strategic governance responsibilities by participating in the Canton Foundation's board of directors as co-chair alongside Euroclear. This position allows the group to shape industry standards for decentralized finance infrastructure, ensuring the sustainable development of the ecosystem.
Frank La Salla, Chairman and CEO of DTCC, emphasized the potential of Tokenize U.S. Treasury bonds to improve operational efficiency, mitigate risk, and enhance Capital utilization, particularly benefiting market makers and hedge funds. Yuval Rooz, Co-founder and CEO of Digital Asset, argued that this initiative lays the groundwork for future innovation by opening up opportunities to expand liquidation and optimize operational processes.
