BitGo Supported Tokenized Collateral in DTCC Production Event
RWA Signal Insight
InfrastructureThe Depository Trust & Clearing Corporation (DTCC) successfully executed a production event on July 15 involving real-world transactions of tokenized U.S. Treasurys and equities. Over 30 financial firms participated in the initiative, which utilized the Canton blockchain network alongside a private network built on Hyperledger Besu. BitGo Bank & Trust provided critical custody and settlement services for the tokenized collateral used in institutional repo, reverse repo, and securities lending workflows. This milestone demonstrates the practical application of distributed ledger technology in streamlining complex post-trade processes for traditional securities. By integrating these assets into a controlled blockchain environment, the DTCC aims to enhance operational efficiency and reduce settlement friction for institutional market participants. The organization is currently targeting an October 2026 launch for its broader tokenization service, with asset eligibility determined by market demand. This development marks a significant step toward the institutional adoption of tokenized financial instruments within established market infrastructure.
Key points
- DTCC executed live U.S. Treasury and equity transactions with over 30 participating firms.
- BitGo provided custody and settlement for collateral on the Canton and Hyperledger Besu networks.
- DTCC plans to launch its full-scale tokenization service by October 2026.
- Workflows included institutional repo, reverse repo, and securities lending operations.
Background
The DTCC is the central securities depository for the U.S. financial market, providing clearing and settlement services for the vast majority of securities transactions. The Canton Network is a privacy-enabled, interoperable blockchain designed specifically for institutional finance, allowing firms to connect disparate systems while maintaining strict regulatory compliance and data confidentiality.