Canton Network is part of DTCC's latest tokenization project, according to Bloomberg ETF analyst Eric Balchunas, who shared the update on X.
Balchunas said DTCC's digital transformation is running on the Canton public chain alongside Hyperledger Besu, DTCC's private network. He described this as part of DTCC's multi-chain strategy aimed at ensuring resilience, scalability, and selectivity.
The use of both a public chain and a private network reflects DTCC's approach of not committing to a single infrastructure, instead opting for a setup that gives it flexibility across different chain types depending on the use case.
More than 40 firms are participating in the project, including BlackRock, Goldman Sachs, and JPMorgan. The project covers Microsoft and Circle shares, major ETFs, and US Treasuries.
The project underscores DTCC's ongoing efforts to adapt to evolving infrastructure requirements, with Canton Network's involvement marking another instance of the network's role in institutional-grade tokenization efforts.
