The DTCC is pushing for U.S. Treasury bonds to be on the blockchain, and Wall Street's clearing system is launching government bond tokenization.

BlockBeats News, December 17 – The core infrastructure operator of the U.S. securities market, DTCC (Depository Trust & Clearing Corporation), announced plans to tokenize U.S. Treasuries and bring them on-chain. This marks an important step for Wall Street’s multi-trillion-dollar trading system to move towards blockchain. DTCC stated that it will allow certain U.S. Treasuries 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), with plans to gradually expand to include a broader range of qualified securities in the future. The plan has received a rare three-year no-action letter from the U.S. Securities and Exchange Commission (SEC), confirming that as long as operations follow the established procedures, the SEC will not take enforcement action. Initial assets include U.S. Treasuries, some ETFs, and securities tracking the Russell 1000 index. The three parties plan to launch a minimum viable product (MVP) in the first half of 2026 and expand gradually based on institutional demand. DTCC will also join the Canton Network governance and serve as co-chair of the Canton Foundation alongside Euroclear.