Canton Coin (CAN) saw a significant rally of about 27% over the past week, outperforming the broader cryptocurrency market. This surge follows a major announcement from the Depository Trust & Clearing Corporation (DTCC), which revealed plans to tokenize US Treasury securities through its Depository Trust Company subsidiary on the Canton Network.
DTCC, a key player in post-trade infrastructure for the US securities markets, processes trillions of dollars in securities transactions each year. The recent announcement signaled a shift towards tokenizing US Treasuries, marking the beginning of a broader effort to bring real-world assets (RWAs) onto blockchain networks.
Frank La Salla, CEO of DTCC, emphasized that this collaboration would create a roadmap for tokenizing high-value assets, starting with US Treasuries. Over time, the initiative is expected to expand to other DTC-eligible assets.
The Canton Network is a hybrid blockchain designed specifically for regulated financial institutions to handle tokenized RWAs. Canton Coin, as the network’s native token, plays a central role in supporting transactions and facilitating network operations.
Tokenization, the process of converting traditional assets into digital tokens on a blockchain, is becoming a major trend in the financial industry. According to data from RWA.xyz, the value of tokenized real-world assets has surged in the past year, tripling from $5.6 billion at the end of 2024 to approximately $19 billion today. US Treasuries have been a major driver of this growth, now accounting for about $9 billion in tokenized debt, up from $3.9 billion at the start of 2025.
The tokenization of US Treasuries offers several benefits, including reduced transaction costs, faster settlement times, and the ability to trade these assets 24/7. Additionally, it expands access to global markets and provides greater liquidity for traditional financial products.
The growing interest from institutional investors in tokenized RWAs is evident from the involvement of major financial entities like BlackRock, Franklin Templeton, and Ondo Finance. BlackRock, for instance, has developed the USD Institutional Digital Liquidity Fund (BUIDL), a product offering onchain exposure to short-term US Treasuries with daily yield accrual. The fund has grown to nearly $1.7 billion in assets.
Other funds, such as those from Ondo Finance and Franklin Templeton, are also gaining traction. These tokenized treasury offerings have attracted significant investments, indicating strong demand for tokenized assets in the institutional space.
The move towards tokenizing real-world assets aligns with the broader shift in the financial sector towards blockchain technology. As more traditional financial institutions embrace these innovations, the infrastructure for tokenizing assets like US Treasuries will continue to evolve, bringing more opportunities for market participants.
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