The Depository Trust & Clearing Corporation (DTCC) has partnered with Digital Asset and the Canton Network to enable the tokenization of US Treasury securities custodied by the Depository Trust Company (DTC), according to a Wednesday press release.

The strategic collaboration marks DTCC’s first step towards making DTC-custodied assets available on-chain. The Wall Street giant was authorized last week to operate a real-world asset tokenization service, following the SEC’s issuance of a No-Action Letter.

Through the partnership, DTCC expects to establish a shared infrastructure layer that supports privacy, compliance, and institutional control.

“This collaboration creates a roadmap to bring real-world, high-value tokenization use cases to market, starting with US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets across network providers,” DTCC CEO Frank La Salla said in a statement.

The service, set to launch in 2026, will allow digital representations of various assets, including the Russell 1000, major index ETFs, and US Treasury securities, promising the same legal rights and protections as traditional forms.

The multi-year initiative aims to deliver regulated, interoperable digital asset infrastructure, unlocking efficiency gains and new liquidity opportunities across capital markets.