Wall Street's $4 Quadrillion Foundation Set to Launch Tokenized US Treasuries

DTCC's Tokenization Initiative: The Depository Trust and Clearing Corporation (DTCC) plans to bring tokenized US Treasurys onchain using the Canton Network, with intentions to expand to a variety of DTC-eligible assets in the future.

SEC's No-Action Letter: The DTCC received a no-action letter from the SEC, allowing it to operate a securities tokenization service on pre-approved blockchains for three years without enforcement action, focusing initially on highly liquid assets like US Treasury securities and ETFs.

Future Developments: A minimum viable product is expected to launch by the first half of 2026, with the project expanding based on client interest, while the DTCC will co-chair the Canton Network's governance alongside Euroclear.

Market Outlook: Analysts suggest that while the tokenization of securities may not immediately benefit the crypto market, it could integrate into decentralized finance (DeFi) in the future as technology and regulations evolve.