What Does the DTCC–Canton Network Partnership Mean?

The Depository Trust & Clearing Corporation (DTCC) is one of the largest institutions managing clearing and custody infrastructure that forms the backbone of the U.S. financial system. According to the announcement, DTCC has selected Canton Network as its tokenization partner due to its strong focus on privacy and regulatory compliance.

Within the scope of this collaboration, a portion of U.S. Treasury securities held by DTCC’s subsidiary DTC is planned to be tokenized on the Canton Network. This will allow traditional financial assets to be transferred into a digital environment, benefiting from the efficiency and transparency offered by blockchain technology.

SEC Approval Accelerated the Process

One of the most significant factors behind this move is the recently received “No-Action Letter” from the U.S. Securities and Exchange Commission (SEC). This approval grants DTCC the ability to implement and operate a new service aimed at tokenizing real-world assets held by DTC.

This regulatory clarity enables financial institutions to approach tokenization projects in a more secure and controlled manner. The parties aim to launch a minimum viable product (MVP) in a controlled production environment during the first half of 2026. The project’s scope is expected to expand gradually in the coming months, depending on client interest and market demand.

DTCC CEO Frank LaSalla commented on the partnership as follows:

“DTCC’s partnership with Digital Asset and the Canton Network is a strategic step toward building a digital infrastructure that seamlessly connects traditional and digital financial ecosystems while offering high scalability and security.”

Why Does Canton Network Stand Out?

Canton Network enables institutions to issue and trade real-world assets—such as tokenized bonds, funds, and loans—on a shared ledger while maintaining privacy and regulatory compliance. The network’s developer, Digital Asset, is supported by major financial institutions including BlackRock, Goldman Sachs, Nasdaq, Citadel Securities, and S&P Global.

Beyond the tokenization initiative, DTCC will also take an active role in Canton Network’s decentralized governance structure. Together with Euroclear, DTCC will serve as a co-chair of the Canton Foundation. This development indicates that DTCC will directly contribute to setting industry standards for decentralized financial infrastructure.

Digital Asset CEO Yuval Rooz commented on the collaboration:

“DTCC’s leadership will accelerate industry-wide adoption while unlocking new liquidity opportunities and operational efficiencies.”

Assessment

DTCC’s decision to work with Canton Network clearly demonstrates that tokenization has moved beyond being an experimental concept and is now becoming central to institutional finance. The tokenization of high-volume and critical assets such as U.S. Treasury securities shows that blockchain technology is beginning to play a permanent role in financial markets. In the coming period, an increase in such partnerships could pave the way for broader adoption of tokenization and institutional blockchain solutions.

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Strengthening Institutional Yield Products

The acquisition will make Dinero’s flagship staking product, the ipxETH yield-bearing token, a core component of Plume’s DeFi yield offerings. With $125 million in total value locked, ipxETH enables institutional investors to access Ethereum staking yields in a compliant manner, through partnerships with firms like Galaxy and Laser Digital, Nomura Bank’s digital asset arm in Japan.

Plume co-founder Teddy Pornprinya highlighted that the acquisition is part of a broader push to attract institutional users across the U.S., Asia, and the UAE. “Our goal with this acquisition is to onboard all types of institutional clients and expand our product suite,” he said.

Expanding Product Suite and Engineering Talent

In addition to ipxETH, Plume will integrate Dinero’s staking products pxSOL and pxBTC, along with its branded liquid staking token architecture used across eight blockchains. Some of these assets will transition to native Plume products such as plumeETH, further solidifying its multi-chain strategy.

The deal also brings additional engineering talent in-house to support global expansion and meet growing institutional demand for crypto exposure.

Milestones and Regulatory Advancements

Plume recently received approval as an SEC-regulated transfer agent, enabling it to handle tokenized securities on-chain and integrate with traditional U.S. financial infrastructure, including the DTCC settlement network. Since its mainnet launch in June, Plume’s total assets have exceeded $360 million, offering tokenized strategies ranging from private credit to liquid staking.

Although the acquisition has not yet closed, both parties have signed a definitive agreement and binding term sheet, marking a strategic step in Plume’s institutional growth roadmap.

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ETF Excitement Soars Litecoin Price!

The market capitalization of Litecoin increased by 46% between February 2 and February 19. Santiment noted that part of this growth was due to the network’s daily transaction volume reaching $9.6 billion over the last week.

At the end of August, daily transaction volume was $2.8 billion, and it has since surged by 243%, reaching $9.6 billion in just five months. Additionally, Litecoin’s price has doubled since November, outpacing the overall cryptocurrency market, which grew by 42%.

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Santiment stated, “There’s rising excitement for the Litecoin ETF, 13 months after the approval of Bitcoin ETFs by the SEC.”

Important Steps Taken for Litecoin ETF!

On February 19, the U.S. Securities and Exchange Commission (SEC) accepted a rule change proposal for listing the spot Litecoin ETF by CoinShares on the Nasdaq.

Meanwhile, Canary Capital’s Litecoin ETF was listed on the Depository Trust and Clearing Corporation (DTCC) system with the LTCC code on February 20. DTCC is a critical infrastructure known for managing trillions of dollars in securities transactions in global financial markets.

The Litecoin Foundation stated, “This is a crucial preparation step for the potential launch of the fund.”

However, Bloomberg ETF analyst Eric Balchunas emphasized that this does not mean the product is approved or ready to trade, but rather the issuer is preparing. Balchunas also highlighted a 90% chance for ETF approval within 2024.

Litecoin Price Jumps 8.5%!

Following the listing news on DTCC, Litecoin’s price saw an 8.5% increase, rising from $127 to $138, before experiencing a slight correction.

In the last two weeks, Litecoin has risen 30%, surpassing Bitcoin, which has been trading in a narrow range during the same period.

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Participating in the 10-different use case experiment were four investors, four banks, two central counterparties, and three custodians. The effort drew on the financial privacy-conscious Canton Network.

Kelly Mathieson, chief business development officer of Digital Asset, a company engaged in the pilot, said in a statement, “The successful completion of this pilot proves that tokenized assets could be leveraged to optimize collateral.”

Between June and July, the pilot tested the viability of “complex real-world transactions,” including cloning and settling a “digital twin” for U.S. Treasury. It also investigated asset recalls and real-time margin calls as part of portfolio management tools.

In hypothetical default situations, secured parties seized pledged assets and transferred ownership in atomic transactions, therefore guaranteeing legal certainty and control, DTCC said in a news statement.

Longtime blockchain champion Nadine Chakar, global head of DTCC Digital Assets, pointed out especially how much the technology “significantly” enhanced collateral optimization and liquidity.

Since at least 2020, DTCC has been experimenting with blockchain following the establishment of Project Ion, a pilot initiative aiming at testing alternative settlement systems. Every year, the company handles multiple hundreds of trillions of dollars worth of transactions.

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Blockchain Solutions Tested

The pilot, described in a DTCC report dated May 16, was about the standardization of the way how NAV data of funds is provided across blockchains using Chainlink’s CCIP. The report demonstrated the advantages of delivering structured data on-chain and establishing standard roles and processes.

“The pilot realized that by delivering structured data on-chain and creating standard roles and processes, the foundational data could be embedded into a variety of on-chain use cases like tokenized funds and ‘bulk consumer’ smart contracts,” this is what the report said. These innovations are to help the industry explore and power many downstream applications, such as the brokerage application and more automated data dissemination.

Benefits and Participating Institutions

The pilot managed to create a better automated data management system, almost no impact on the existing market practices, customers could get historical data without manual record-keeping and there were broader API solutions for price data. The U. S. banking firms that participated in the pilot include: American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street, U.S. Bank.

Market Impact and Future Prospects

DTCC report was followed by Chainlink’s native token, LINK, which jumped 12.5% rise, on a CoinGecko. During the last 12 months LINK has soared by more than 130%, which is such a trend that we witnessed in all cryptos.

BlackRock was the first to release a tokenized money market fund (MMF) on March 19, which is called BUIDL and it runs on the Ethereum network. This fund, that gives native U. S. dollar yields to investors who buy tokens representing shares in the fund which invests in assets like U. S. Treasury bills is available for investment now! The “digital liquidity fund” is the name of BUIDL which operates as an ERC-20 token on the Ethereum blockchain.

The end of the Smart NAV Pilot program is a big step towards combining traditional finance and blockchain technology. Through the partnership with top banking companies, DTCC and Chainlink have created a way for more secure, efficient and transparent financial systems to be built. The industry is still looking into these developments and the chances of using blockchain-based solutions in traditional finance are becoming more and more.

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According to TradingView data, Ondo Finance’s token ONDO gained 8.45% on a daily basis and reached $0.946.

The ONDO price started to rise after yesterday’s announcement by the Depository Trust & Clearing Corporation (DTCC), the world’s largest securities settlement system. DTCC conducted a joint tokenization test with blockchain project Chainlink and banking giants such as JPMorgan, BNY Mellon, and U.S. Bank.

Ondo Finance is also working on the tokenization of real-world assets (RWAs). The project recently introduced Ondo Global Markets, which provides access to traditional securities and their associated exchange liquidity.

According to Lookonchain data, investors continue to buy ONDO as the price rises. A newly opened whale account withdrew 957 Ethereum (ETH) from the Gemini exchange and swapped 796.3 of them (worth $2.38 million) for 2.64 million ONDO.

The post Ondo Price Surges as Investors Keep Buying: Here’s Why! appeared first on Coin Engineer.

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A short time ago, BlackRock’s application caused a rally in BTC prices. However, the application disappeared from the list. After that, the website was temporarily unavailable, leading to various speculations in financial circles. Currently, both BlackRock’s and INVESCO & Galaxy’s applications are current on the DTCC list.

The reason why BlackRock’s application was withdrawn is that it was taken under examination due to intense interest. This shows people followed how closely developments in the world of cryptocurrency.

DTCC plays a critical role in the American ETF market. If an ETF is added to the DTCC list, this means that a brokerage bank has requested the DTCC to act on a specific ETF fund. Also, the DTCC can carry out this transaction at an unspecified date in the future.

While this process is standard for launching an ETF on the market, being listed is not an indication of success in terms of regulatory or other approval processes.

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This deal has resulted in Securrency becoming a wholly-owned subsidiary of DTCC and will henceforth operate as DTCC Digital Assets.

(Securrency is led by former State Street crypto manager Nadine Chakar). It is a specialist in offering customers a solid platform for tokenization of their real-world assets. The company also claims to have one of the most comprehensive and patented compliance technologies in the industry.

According to reports, DTCC has purchased Securrency for 50 million dollars.

According to DTCC’s statement, this acquisition seems as a significant step to boost the power of corporate DeFi. Also, it seems as a step contribute to the rapid development of the corporate digital asset platform.

Securrency CEO Nadine Chakar expressed excitement about the collaboration, saying “While we merge our powers with DTCC, we are very excited to combine DTCC infrastructure capabilities with Securrency’s technology to support a future where capital market digitalization is the pioneer of innovation. These capabilities will offer DTCC the opportunity to collaborate with the industry to build a critically flexible and scalable infrastructure for mass adoption of digital assets.”

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