The US DTCC is promoting the tokenization of US Treasury bonds, initiating the tokenization of government bonds in Wall Street's clearing system.

BlockBeats News, December 17, the core infrastructure operator of the U.S. securities market, DTCC (Depository Trust & Clearing Corporation), announced plans to tokenize U.S. Treasury bonds and bring them on-chain, marking a significant step for Wall Street's multi-trillion-dollar trading system towards blockchain adoption.

DTCC stated that it will allow some U.S. Treasury bonds held by its subsidiary DTC (Depository Trust Company) to be minted as on-chain assets on the Canton Network (a permissioned blockchain developed by Digital Asset), and will gradually expand to a broader range of eligible securities in the future.

This plan has received a rare three-year no-action letter from the U.S. Securities and Exchange Commission (SEC), confirming that as long as operations proceed as planned, the SEC will not take enforcement action. Initially applicable assets include U.S. Treasuries, certain ETFs, and securities tracking the Russell 1000 Index. The three parties plan to launch a minimum viable product (MVP) in the first half of 2026 and gradually scale up according to institutional demand. DTCC will also join Canton Network governance and, together with Euroclear, serve as co-chair of the Canton Foundation.