DTCC Chooses Canton Network for Tokenization of U.S. Treasury Assets
DTCC's Integration of Tokenization: DTCC is incorporating blockchain technology into its core operations, specifically using the Canton Network for privacy-preserving clearing and settlement functions, moving beyond mere experimentation.
Regulatory Support for Tokenization: The U.S. Securities and Exchange Commission's Letter of Inaction has facilitated the transition of tokenization from theoretical concepts to practical deployment within the financial system.
Focus on Market Infrastructure: The market is increasingly prioritizing investments in infrastructure, such as custody and settlement systems, rather than consumer-facing crypto products, indicating a shift in institutional capital.
Long-term Impact on Financial Systems: DTCC's decision to integrate blockchain at the clearing and settlement level could significantly reshape market operations, enhancing efficiency and coordination without drawing widespread attention.
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC) As of , Canton Network (CC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.115 | 0.135 | 0.155 | 0.175 | 0.195 | 0.216 | 0.235 |
| Fibonacci | 0.135 | 0.151 | 0.16 | 0.175 | 0.191 | 0.2 | 0.216 |
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