The DTCC is pushing for on-chain US Treasury bonds, with Wall Street's clearing system initiating the tokenization of government bonds.
BlockBeats News, December 17th, The Depository Trust & Clearing Corporation (DTCC), the core infrastructure operator of the U.S. securities market, announced plans to tokenize U.S. Treasury bonds and introduce them onto the blockchain, marking a significant step for Wall Street's multi-trillion-dollar trading system towards blockchain adoption.
DTCC has stated that it will allow a portion of U.S. Treasury bonds held by its subsidiary, the Depository Trust Company (DTC), to be minted as on-chain assets on the Canton Network (a permissioned blockchain developed by Digital Asset), with future plans to gradually expand to a broader range of eligible securities.
This initiative has received a rare three-year, no-action letter from the U.S. Securities and Exchange Commission (SEC), confirming that as long as it operates as intended, the SEC will not take enforcement action. Initially, eligible assets include U.S. Treasury bonds, certain ETFs, and securities tracking the Russell 1000 Index. The trio plans to launch a Minimum Viable Product (MVP) in the first half of 2026 and scale up based on institutional demand. DTCC will also join the Canton Network governance and serve as co-chair alongside Euroclear for the Canton Foundation.
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