DTCC treasury tokenization fuels surge in Canton Coin price
The Canton Coin (CC) token surged more than 30% over the week, outperforming the broader cryptocurrency market as traders reacted to new signals of institutional adoption.
The rally followed the Depository Trust & Clearing Corporation’s (DTCC) December 17 announcement of plans to tokenize part of the U.S. Treasury bonds held by its subsidiary, the Depository Trust Company (DTC), on the Canton network.
DTCC manages post-trade infrastructure for U.S. securities markets, and its subsidiaries processed around $3.7 quadrillion in securities transactions last year.
“The collaboration with Canton creates a roadmap to bring real, high-yield tokenization use cases to market, starting with U.S. Treasury securities and eventually expanding to a wide range of DTC-eligible assets,” said DTCC CEO Frank La Salla.
Canton Network is a permissioned blockchain designed for regulated financial institutions to issue and settle tokenized real-world assets. Canton Coin is the network’s native token, supporting transactions and core network operations.
CC price dynamics over 7 days. Source: CoinMarketCap
As a result, within a week of the DTCC announcement, CC rose 31% to $0.10, according to CoinMarketCap.
Tokenized treasuries lead the RWA wave
DTCC’s move to place U.S. Treasuries on blockchain highlights growing institutional support for tokenized real-world assets.
According to RWA.xyz, the total distributed value of tokenized real-world assets has more than tripled over the past year, rising from about $5.6 billion at the end of 2024 to approximately $19 billion today.
A significant share of this growth comes from U.S. Treasury products: roughly $9 billion worth of Treasuries are now tokenized, compared with about $3.9 billion at the beginning of the year.
As we wrote, Tokenized US Treasuries surge as blockchain finance adoption accelerates
Latest Finance News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
