According to BlockBeats, on September 24, blockchain solutions provider Digital Asset and the Depository Trust & Clearing Corporation (DTCC) successfully completed a pilot project on the tokenization of U.S. Treasury collateral on the Canton network. The project involved 26 market participants and completed 100 transactions, aiming to improve settlement speed, protect privacy and comply with legal requirements.

In the pilot project, participants converted U.S. Treasury bonds into "digital twin" tokens for trading, collateralization and default processing. The system completes asset transfers instantly upon margin notification, and all transaction processes can be tracked and audited to ensure transaction security.

This project demonstrates the technical advantages of the Canton network in transaction privacy and legal compliance, and promotes the application of tokenized assets in financial markets.