Zenith Joins DTC Digital Assets Working Group on Tokenization
Zenith, an Ethereum-compatible execution layer for the Canton Network, has officially joined the Depository Trust Company (DTC) Digital Assets Solutions Industry Working Group. This collaborative body now includes over 100 major financial and blockchain entities, such as BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, and the NYSE. The group provides critical industry input for the development of the DTCC Tokenization Service, which aims to create tokenized representations of securities already held within the DTC custody system. By leveraging existing infrastructure, the initiative seeks to enable blockchain-based transfers while maintaining established compliance, investor protections, and ownership records. The working group is currently focused on the tokenization of U.S. Treasuries, major ETFs, and Russell 1000 stocks. This development follows successful production-environment trials conducted in July 2026, which involved collateral pledging and securities lending using assets like the Invesco QQQ Trust and BlackRock Treasury ETFs. The project is moving toward a scheduled October 2026 target for its tokenization service rollout. Zenith's inclusion highlights the growing integration of specialized blockchain infrastructure providers into traditional capital market frameworks.
