DTCC Begins Limited Tokenized U.S. Treasury Pilot on Canton Network

The Depository Trust & Clearing Corporation (DTCC) has begun a limited pilot of tokenized U.S. Treasuries on the Canton Network following approval from the U.S. Securities and Exchange Commission, The Block reported. According to the report, the initiative follows DTCC’s previous blockchain-based experiments for post-trade settlement and is part of its ongoing exploration of distributed ledger technology in Treasury markets.