Canton Coin has gained about 27% over the past week, outperforming the broader crypto market as traders reacted to new signals of institutional adoption, according to data from Cointelegraph.
This gain follows a Dec. 17 announcement in which the Depository Trust & Clearing Corporation (DTCC) outlined plans to tokenize a portion of the U.S. Treasury securities held in its Depository Trust Company subsidiaries on the Canton Network.
DTCC operates the post-trade infrastructure for the U.S. securities markets, and its subsidiaries processed approximately $37,000 trillion in securities transactions last year.
“This partnership creates a roadmap to bring real-world, high-value tokenization use cases to market, starting with U.S. Treasury securities and ultimately expanding to a wide range of DTC-eligible assets,” said Frank La Sala, CEO of DTCC.
Canton Network is a permissioned blockchain designed to enable regulated financial institutions to issue and settle tokenized real-world assets, and Canton Coin is the network’s native token used to support transactions and core network operations.
Canton Coin’s rise stands out against the broader market, which has been mostly flat over the past week. At the time of writing, both Bitcoin (BTC) and Ether (ETH) were down about 0.5%, BNB (BNB) was down 0.9%, and Solana (SOL) was down about 3.3%, according to data from CoinGecko.
Related: CoinShares predicts growth in 2026, US Treasuries lead tokenization wave
Tokenized RWA will take center stage in 2025
The tokenization of real-world assets, the process of issuing claims against traditional real-economy assets on blockchain networks, has emerged as one of the biggest stories in cryptocurrencies this year.
The total circulation of tokenized real-world assets has more than tripled in the past year, rising from about $5.6 billion at the end of 2024 to about $19 billion today, according to data from RWA.xyz.
U.S. Treasury products accounted for a large portion of this growth, with approximately $9 billion of government debt now tokenized, up from approximately $3.9 billion at the beginning of the year.
The largest of these products is BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which provides on-chain exposure to short-term U.S. Treasuries with daily yield accruals. The fund’s assets have grown to nearly $1.7 billion, according to data from RWA.xyz.
Other major tokenized Treasury products include Ondo Finance and Franklin Templeton funds, which hold approximately $830 million and $798 million in assets, respectively, according to RWA.xyz data.
Some of the benefits of tokenizing real-world assets are expanding access globally, reducing transaction costs, speeding up settlement times, and allowing assets to be traded 24/7.
Keith Grossman, president of crypto payments company MoonPay, recently said that by putting traditional assets on-chain, traditional financial institutions will be forced to adapt, just as the digital shift has reshaped media.
magazine: The big question: Can Bitcoin survive a 10-year blackout?
