On July 15, 2026, Citadel Securities used DTC’s Tokenization Service to create and move tokenized US Treasuries on the Canton Network in a live production environment. Over 30 firms participated in this tokenization event, including counterparties BNP Paribas and Société Générale, and the tokenized Treasuries were used as collateral for trading on the CME. BNY Mellon plans to pilot tokenized Treasuries on its own proprietary blockchain by the end of 2026, with round-the-clock settlement as the 2027 goal. These tokenized Treasury tokens are not cryptocurrencies but simple digital wrappers for government bonds, and DTCC’s full Tokenization Service is scheduled for October 2026.
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