Canton Network, a blockchain developed by Digital Asset, is exploring tokenized European and Asian government bonds, including UK gilts, EuroGovs and Japanese government bonds, after launching tokenized US Treasuries for repo transactions in August 2026. Cross-border repo transactions have already been conducted with tokenized UK gilts on LSEG’s platform, while pilots focused on Japanese government bonds began in April 2026 with MUFG, Mizuho and Nomura. Canton is also working with banks on deposit tokens so that bonds and the cash leg of a transaction can be exchanged atomically on the same ledger around the clock. The DTCC plans to launch a tokenization service for 25 US Treasuries on Canton in the fourth quarter of 2026, although several milestones remain in the pilot or planned-rollout stages.
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