DTCC selects Canton Network as tokenization partner

The U.S. Depository Trust & Clearing Corporation (DTCC) has selected the Canton Network as its partner for a tokenization initiative, CoinDesk reported. The move will allow for a portion of U.S. Treasury securities held at DTCC's subsidiary, the Depository Trust Company (DTC), to be tokenized on the Canton Network, a blockchain designed for real-world assets.