Canton Coin has surged about 27% over the past week, outpacing the broader cryptocurrency market as investors react to signals of growing institutional adoption around tokenized real-world assets on the Canton Network. The gains followed a December 17 announcement by the Depository Trust & Clearing Corporation 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, and its move aligns with the Canton Network’s design as a permissioned blockchain for regulated institutions to issue and settle tokenized assets. DTCC’s chief executive, Frank La Salla, described the collaboration as a roadmap to bring real-world, high-value tokenization use cases to market, beginning with US Treasury securities and eventually broadening to a wider range of assets.
The Canton Network is a permissioned blockchain designed for regulated financial institutions to issue and settle tokenized real-world assets, while Canton Coin is the network’s native token used to support transactions and core network operations. Canton Coin’s gains stand out against a largely flat broader market over the past week. Bitcoin (BTC) and Ether (ETH) were both down around 0.5%, BNB fell 0.9% and Solana (SOL) declined about 3.3%, according to CoinGecko data at the time of writing.
According to data from RWA.xyz, the total distributed value of tokenized real-world assets has more than tripled over the past year, rising from about $5.6 billion at the end of 2024 to roughly $19 billion today. US Treasury products account for a significant share of that growth, with around $9 billion in Treasury debt now tokenized, up from approximately $3.9 billion at the start of the year.
The largest of these products is BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which provides onchain exposure to short-term US Treasurys with daily yield accrual. The fund has grown to nearly $1.7 billion in assets, according to RWA.xyz data. Other major tokenized Treasury offerings include funds from Ondo Finance and Franklin Templeton, which hold roughly $830 million and $798 million in assets, respectively, RWA.xyz data shows.
Some of the benefits of tokenizing real-world assets is that it expands access globally, reduces transaction costs, shortens settlement times, and the assets can be traded 24/7. Keith Grossman, president of crypto payments company MoonPay, recently said that putting traditional assets onchain will force legacy financial institutions to adapt similar to how the digital shift reshaped media.
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