Canton Coin surges 27% in the past week, outpacing the broader crypto market, following DTCC’s announcement to tokenize US Treasury securities on the Canton Network. DTCC processed $3.7 quadrillion in securities transactions last year. CEO Frank La Salla sees the collaboration as a path to tokenizing a range of assets.

Tokenization of real-world assets has tripled in value, reaching $19 billion, with $9 billion in tokenized US Treasury debt. BlackRock’s USD Institutional Digital Liquidity Fund, Ondo Finance, and Franklin Templeton offer major tokenized Treasury products. Benefits include global access, lower costs, faster settlement, and 24/7 trading availability.

Read more at Cointelegraph: Canton Token Rises Around 25% after DTCC Outlines Tokenized Treasury Plans