Canton Foundation: DTCC officially becomes a Canton Network supervalidator.
TL;DR
The Canton Foundation announced that DTCC has become a supervalidator on the Canton Network, enabling tokenization of US Treasury securities for DTC participants while maintaining traditional safeguards.
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According to Foresight News , the Canton Foundation announced that the Depository Trust & Clearing Corporation (DTCC) has passed the CIP-0083 proposal vote and officially become a supervalidator on the Canton Network. As a supervalidator, co-chair of governance, and a core partner driving the on-chain transformation of US capital markets, DTCC will mint a portion of its custodied US Treasury securities on the Canton Network in a controlled production environment. This will allow DTC participants to convert selected backing assets between traditional ledger and tokenized forms while maintaining the same CUSIP, investor protection, and ownership.
According to a previous report by Foresight News , DTCC has selected Canto Network as its tokenization partner.