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ARTICLE · 30 DECEMBER 2025

DTCC Partners With Digital Asset To Tokenize DTC-Custodied U.S. Treasury Securities

Winston Taylor
Explore more from Winston Taylor

On December 17, 2025, the Depository Trust & Clearing Corporation (DTCC) announced a partnership with Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology...

United StatesTechnology
Michael J. Blankenship
Michael J. Blankenship
Ben Smolij
Ben Smolij
Jacob Botros
Jacob Botros

On December 17, 2025, the Depository Trust & Clearing Corporation (DTCC) announced a partnership with Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology, to tokenize a subset of U.S. Treasury securities custodied at its subsidiary, the Depository Trust Company (DTC), using Digital Asset's Canton Network. This announcement follows DTC's receipt of a No-Action Letter from the U.S. Securities and Exchange Commission (SEC) on December 11, 2025, providing no-action relief allowing DTC to offer a pilot tokenization service for certain highly liquid assets.

Key Details of the Partnership and Tokenization Initiative

DTCC's collaboration with Digital Asset leverages the Canton Network, a blockchain platform designed for tokenized real-world assets, emphasizing privacy, interoperability, and compliance. DTCC will serve as a co-chair of the Canton Foundation—the independent non-profit organization responsible for the decentralized

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