Canton Network partners with DTCC to test government bond tokenization, driving a 54% surge in CC tokens in one month

Privacy-focused blockchain network Canton Network has recently become a market focal point, with its native token CC soaring 54% in the past month. The direct catalyst for this rally is a major partnership with U.S. securities depository and clearing company DTCC—both parties will test the issuance of tokenized U.S. Treasuries using the Canton network.

As a cornerstone of the financial market with an annual processing volume exceeding $3.7 trillion, DTCC’s involvement is seen as a key endorsement of Canton Network’s technological reliability and its potential in the real-world asset domain. Previously, the network handled over $200 billion in repurchase agreement (repo) collateral through Broadridge’s solution, demonstrating its capacity to support large-scale institutional transactions. If this collaboration succeeds, it will not only generate significant application demand for CC but could also push its market cap toward the $36 billion target (corresponding to a $1 token price).

Industry Backing: Why Did DTCC Choose Canton Network for a Historic Experiment?

Over the past month, Canton Network and its token CC have captured the attention of all institutional investors. The 54% sharp increase on the price chart clearly traces back to a strategic partnership announcement: DTCC plans to use Canton blockchain to test the issuance of tokenized U.S. Treasuries. The shock of this news lies in the stature of the partner—DTCC is not just an ordinary fintech firm but one of the most critical and secretive infrastructures in the global traditional financial system. As of 2024, its annual securities settlement volume exceeds $3.7 trillion, making it the “central clearing engine” of Wall Street. Any technology choice by DTCC signifies the highest standards of security, compliance, and scalability.

According to DTCC’s official statement, this partnership is groundbreaking: “Through this collaboration, DTCC plans to allow a portion of DTC-registered U.S. Treasuries to be minted on Canton Network for the first time.” CEO Frank La Salla further explained that this is a crucial step toward building a “seamless connection between traditional and digital financial ecosystems.” This clearly defines Canton’s positioning: it is not about disrupting existing systems but serving as a “bridge” connecting old and new worlds. Its privacy features and interoperable subnet architecture enable financial institutions to transfer and settle assets seamlessly across applications while meeting strict regulatory requirements—precisely what traditional giants urgently need.

The roadmap for this partnership is also taking shape. Both sides expect to launch a “minimum viable product” (MVP) in the first half of 2026, with plans to expand gradually based on customer feedback. This cautious, phased approach is typical of large financial institutions’ innovation models and reduces execution risk. Market interpretation is highly optimistic, as this is not just a test but a signal—if even DTCC begins seriously exploring core asset operations on Canton, other banks and asset managers are likely to follow swiftly. This paints an imaginative future demand scenario for CC, potentially making it the core payment and settlement medium for trillions of dollars in tokenized U.S. Treasuries and related financial activities.

From Concept to Reality: How Broadridge’s Repo Case Paves the Way for Canton?

DTCC’s choice is not accidental but based on Canton Network’s proven “stress test”—its stable operation in the trillions-of-dollars repo market. This critical validation was carried out by fintech firm Broadridge, whose distributed ledger repo solution based on Canton has now locked in over $200 billion. This figure is not from retail speculation but from real daily operations of top-tier financial institutions like Société Générale and UBS. It convincingly demonstrates that Canton is capable of handling large-scale, sensitive institutional financial transactions.

Broadridge’s DLR solution vividly shows how blockchain can transform traditional finance processes. In conventional repos, multiple counterparties and settlement systems are involved, often taking one to two days. With DLR, negotiation, execution, and settlement are integrated into Canton’s shared ledger, utilizing smart contracts and tokenized securities to achieve near-instant settlement. This greatly improves capital efficiency and reduces counterparty and operational risks. Broadridge succinctly summarizes its essence: “The net effect is a loan collateralized by U.S. Treasuries.” This successful “model project” undoubtedly boosts confidence across DTCC and Wall Street, illustrating that broader asset tokenization and on-chain operations are technically and commercially feasible.

This case is crucial for understanding the value capture mechanism of CC. Canton Network is not a permissionless public chain but an enterprise-oriented permissioned privacy network. Its token CC plays a dual role as network fuel and governance token. As applications like Broadridge DLR handle hundreds of billions of dollars and DTCC’s future Treasury tokenization project lands, the network will need to consume CC to pay transaction fees, execute smart contracts, and possibly access various services. The surge in network activity will directly translate into stable demand for CC. Therefore, the $200 billion TVL is not just a technical milestone but a fundamental basis for CC’s future value. It signifies that demand is not wishful thinking but has already emerged in a key financial sector.

Key Information on Canton Network & DTCC Partnership

Partner: Canton Network (Powered by Digital Asset) and the U.S. Securities Depository and Clearing Corporation

Core Pilot: Tokenizing a portion of DTC-registered U.S. Treasuries on Canton in a controlled environment

Strategic Significance: DTCC’s first exploration of migrating core custody assets to blockchain, aiming to bridge traditional and digital finance

Technical Validation: Based on Broadridge DLR’s successful handling of over $200 billion in repo transactions on Canton

Upcoming Roadmap: Launch of MVP in the first half of 2026 (Minimum Viable Product), followed by gradual expansion

Market Position: DTCC’s annual securities processing volume exceeds $3.7 trillion, lending industry credibility

Potential Impact on CC: Success will drive massive asset onboarding, directly increasing network activity and CC utility

Market Outlook and Price Projection: Is the $1 Target for CC a Dream or a Realistic Goal?

Driven by the major partnership news, market performance and technical sentiment for CC have shifted significantly. After breaking through the key resistance at $0.11, CC briefly surged toward $0.13. Analysts note that this resistance has now turned into support; if the price can stabilize above this level, room opens for a new all-time high. Meanwhile, trading data shows increased activity—trading volume in the past 24 hours nearly doubled to $59 million. Although the turnover rate remains conservative relative to its $4.8 billion market cap, the rising volume and price trend are typical of healthy upward movements.

Technical indicators also support a bullish outlook. As prices rise, CC’s relative strength index (RSI) has entered overbought territory, signaling potential short-term profit-taking pressure but also reflecting strong buying momentum. Currently, CC’s fully diluted valuation is about $3.6 billion. Based on this, a long-term outlook emerges: can CC reach $1? Numerically, this would require a fully diluted market cap of $36 billion. For a foundational network aiming to serve trillions of dollars in traditional assets, this goal, while ambitious, is not impossible. If DTCC’s pilot succeeds and scales, just tokenizing U.S. Treasuries alone could bring enormous asset inflows and trading activity to Canton Network.

(Source: TradingView)

However, rational investors must also acknowledge risks and challenges. First, the DTCC partnership remains in the “testing” and “MVP” stage, with a long road ahead before large-scale commercialization, facing technical, regulatory, and business uncertainties. Second, competition in the tokenized financial assets space is intensifying, with not only smaller rivals but also major players like Securitize and BlackRock’s BUIDL fund, requiring Canton to continuously prove its unique advantages. Lastly, details of CC’s economic model, issuance pace, and how it captures network growth value need clearer explanation. While the $1 target paints an exciting long-term vision, the path there will be volatile. In the short term, the key zone to watch is $0.095 to $0.11, where market strength will be tested. Each substantive progress in the DTCC project could serve as a catalyst for upward price movement.