- Canton Coin rose about 27% in the past week after a major tokenization announcement by DTCC on Dec. 17 (DTCC announcement).
- The plan will tokenize some U.S. Treasury securities held at DTC on the Canton Network (Canton Network), a permissioned blockchain for regulated institutions.
- Tokenized real-world assets (RWA) have grown to about $19 billion from $5.6 billion a year earlier, with roughly $9 billion in tokenized U.S. Treasuries (RWA.xyz, Treasuries data).
- Major tokenized Treasury funds include BlackRock’s BUIDL (~$1.7 billion, BUIDL), Ondo Finance (~$830 million, OUSG) and Franklin Templeton (~$798 million, Franklin Templeton).
DTCC announced on Dec. 17 that it will tokenize a portion of U.S. Treasury securities held at its DTC subsidiary on the Canton Network (DTCC announcement). Following the news, Canton Coin climbed about 27% over the past week, according to a price chart (CoinGecko).
Frank La Salla, CEO of DTCC, said “the collaboration creates a roadmap to bring real-world, high-value tokenization use cases to market, starting with US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets.” The company processes large volumes of securities transactions annually and outlined the tokenization plan on Dec. 17 (DTCC announcement).
The Canton Network is a permissioned blockchain designed for regulated financial institutions to issue and settle tokenized real-world assets (Canton Network). Tokenization of real-world assets is the process of issuing claims on traditional assets on a blockchain (RWA.xyz).
Data shows total distributed value of tokenized RWA rose from about $5.6 billion at the end of 2024 to roughly $19 billion today (RWA.xyz, RWA.xyz app). About $9 billion of that is tokenized U.S. Treasury debt, up from about $3.9 billion earlier in the year (Tokenized Treasuries).
Large tokenized Treasury products include BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) at about $1.7 billion (BUIDL), Ondo Finance at roughly $830 million (OUSG), and Franklin Templeton at about $798 million (Franklin Templeton).
The broader crypto market was largely flat over the week, with Bitcoin and Ether each down about 0.5%, BNB down 0.9% and Solana down about 3.3% per market data (CoinGecko). Keith Grossman, president of MoonPay, said that putting traditional assets onchain will force legacy institutions to adapt (tweet).
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