The Depository Trust & Clearing Corporation (DTCC) has initiated a limited onchain test involving U.S. Treasurys on the Canton Network, following approval from the Securities and Exchange Commission (SEC). According to reports, the pilot program will allow DTC participants to convert their entitlements to DTC-held U.S. Treasurys into blockchain-based tokens. The development represents a move toward integrating traditional financial assets with blockchain technology, though specific details about the scale and duration of the test remain undisclosed.

The Depository Trust & Clearing Corporation (DTCC) has initiated a limited onchain test involving U.S. Treasurys on the Canton Network, following approval from the Securities and Exchange Commission (SEC). According to reports, the pilot program will allow DTC participants to convert their entitlements to DTC-held U.S. Treasurys into blockchain-based tokens. The development represents a move toward integrating traditional financial assets with blockchain technology, though specific details about the scale and duration of the test remain undisclosed.