DTCC has named Canton as one of two networks used for digital conversions in a production tokenization initiative involving assets held at The Depository Trust Company.
Announced on July 15, 2026, the initiative saw DTC-held assets converted into tokens and then used in real production trades. DTCC said the digital conversions occurred on Canton, which it described as a public network, and Hyperledger Besu, its private network.
That is the extent of DTCC’s disclosure about Canton’s role. The release does not identify which individual trades or workflows occurred on Canton, and it does not say that every transaction used the network.
The transactions were processed in a DTC production environment over several hours. More than 30 firms from traditional finance and digital markets participated, according to DTCC.
The event included collateral pledge, security lending, U.S. Treasury/repo and equity delivery-versus-payment trades, an equity delivery-versus-delivery trade, an equity token transfer and central counterparty margin workflows. DTCC did not assign any of these activities to either Canton or Hyperledger Besu.
DTCC said using both networks formed part of its multi-chain strategy, focused on resiliency, scalability and participant choice.
Digital Asset Holdings, identified by DTCC as the creator of Canton Network, was among the participants. Other firms named in the release included BlackRock, Circle, CME Group, Goldman Sachs, J.P. Morgan, Microsoft, Nasdaq, the New York Stock Exchange and Vanguard.
The initiative came ahead of the planned October 2026 launch of the DTCC Tokenization Service. DTCC describes the service as enabling tokenized representations, or digital twins, of real-world assets held at DTC to be delivered to DTC Participant wallets of choice.
DTC-held securities can be converted between traditional and tokenized forms. DTCC also says its tokenized assets maintain the same investor protections, entitlements and ownership rights as traditional securities.
For Canton, the confirmed role is precise: DTCC says digital conversions of DTC-held assets occurred on the public network during an initiative involving real production trades.
