Canton token rallies 27% after DTCC outlines tokenized Treasury plans

DTCC’s move to bring US Treasurys onchain highlights growing institutional momentum behind tokenized real-world assets.

Canton Coin has climbed about 27% over the past week, Cointelegraph data shows, outpacing the broader cryptocurrency market as traders reacted to fresh signals of institutional adoption.

The gains follow a Dec. 17 announcement from the Depository Trust & Clearing Corporation (DTCC) outlining plans to tokenize a portion of US Treasury securities held at its Depository Trust Company subsidiary on the Canton Network.

DTCC operates post-trade infrastructure for US securities markets, with its subsidiaries processing about $3.7 quadrillion in securities transactions last year.

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