Wall Street’s $4 Quadrillion Backbone Launches Tokenized U.S. Treasuries
The U.S. Securities and Exchange Commission has approved the Depository Trust & Clearing Corporation’s new tokenization service, and DTCC will kick off the program by minting tokenized U.S. Treasuries on the Canton network. The initiative comes from an institution that clears and processes roughly $4 quadrillion in market activity, giving the launch immediate scale and regulatory visibility.
Industry observers say the step matters because it pairs regulatory approval with institutional infrastructure: tokenized Treasuries can shorten settlement times, enable finer fractional ownership, and make on-chain settlement workflows available to large financial firms. While adoption will roll out gradually, the move marks a practical bridge between legacy markets and blockchain rails and could accelerate broader institutional use of digital assets.