🇺🇸 DTCC (Depository Trust and Clearing Corporation), the primary operator of the U.S. securities market infrastructure, has announced its intention to tokenize and introduce U.S. Treasury bonds on-chain, marking a significant step towards blockchain for Wall Street's multi-billion dollar trading system. DTCC stated that it will allow a portion of the 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 that it will gradually expand to a broader range of eligible securities in the future. The program has received a rare three-year no-action letter from the U.S. Securities and Exchange Commission (SEC), confirming that the SEC will not take enforcement action as long as it operates as established. The initial applicable assets include U.S. Treasury bills, select ETFs, and securities tracking the Russell 1000 index. The tripartite plans to launch a minimum viable product (MVP) in the first half of 2026, gradually scaling up based on institutional needs. DTCC will also join the governance of the Canton Network and co-chair the Canton Foundation with Euroclear.

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