Tradeweb Completes Onchain U.S. Treasury Transaction on Canton Network
- Transaction Completion: On July 1, Tradeweb successfully executed a real-time onchain U.S. Treasury transaction against USDCx on the Canton Network, marking a significant advancement in synchronized settlement of Treasury securities and tokenized cash within an institutional framework, despite the trade size being undisclosed.
- Tokenized Cash Utilization: In this transaction, USDCx was used as the cash leg paired with the tokenized U.S. Treasury, creating a delivery-versus-payment structure that allows for simultaneous settlement of the tokenized security and cash, thus avoiding the fragmentation of traditional processes.
- Institutional Network Strength: The Canton Network has demonstrated its capability in handling large-scale institutional tokenized finance activities, leading to $65 million in real-world asset fees in May, highlighting its leadership position and potential growth opportunities in the tokenization market.
- Future Service Plans: This transaction paves the way for DTCC's planned rollout of a tokenization service in 2026, which will cover stocks, ETFs, and U.S. Treasuries, aiming to support tokenized assets while preserving existing investor protections and ownership rights.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC). As of , Canton Network (CC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 crypto.
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 | 0.111 | 0.122 | 0.134 | 0.144 | 0.156 | 0.167 | 0.179 |
| Fibonacci | 0.122 | 0.131 | 0.136 | 0.144 | 0.153 | 0.158 | 0.167 |
About CC
About the author
