Canton Coin has rallied approximately 27% over the past week following the Depository Trust & Clearing Corporation’s announcement of plans to tokenize U.S. Treasury securities on the Canton Network. The gains outpaced the broader cryptocurrency market, which remained largely flat during the same period.
Frank La Salla, DTCC CEO, stated the collaboration establishes a roadmap for bringing real-world, high-value tokenization use cases to market. The initiative will begin with U.S. Treasury securities before expanding to a broader range of DTC-eligible assets, he said.
The token’s performance contrasted sharply with major cryptocurrencies during the week. Bitcoin and Ethereum both declined approximately 0.5%, and Solana dropped around 3.3%, reports Cointelegraph.
Around $9 billion in Treasury debt has been tokenized, up from approximately $3.9 billion at the start of the year. BlackRock’s USD Institutional Digital Liquidity Fund represents the largest product in this category, providing on-chain exposure to short-term U.S. Treasuries with daily yield accrual.
The BUIDL fund has grown to nearly $1.7 billion in assets, according to RWA.xyz. Other major tokenized Treasury offerings from Ondo Finance and Franklin Templeton hold roughly $830 million and $798 million in assets, respectively. Tokenized real-world assets offer expanded global access, reduced transaction costs, shortened settlement times, and 24/7 trading capabilities compared to traditional financial infrastructure.
