Canton Coin has climbed about 27% over the past week, Cointelegraph data shows, outpacing the broader cryptocurrency market as traders reacted to fresh signals of institutional adoption.
The gains follow a Dec. 17 announcement from the Depository Trust & Clearing Corporation (DTCC) outlining plans to held at its Depository Trust Company subsidiary on the Canton Network.
DTCC operates post-trade infrastructure for US securities markets, with its subsidiaries processing about $3.7 in securities transactions last year.
Frank La Salla, CEO of DTCC, said the “collaboration creates a roadmap to bring real-world, high-value tokenization use cases to market, starting with US Treasury securities and eventually expanding to a broad spectrum of DTC-eligible assets.”
The Canton Network is a permissioned designed for regulated financial institutions to issue and settle tokenized real-world assets, while Canton Coin is the network’s native token used to support transactions and core network operations.
Canton Coin’s gains stand out against a largely flat broader market over the past week. Bitcoin () and Ether () were both down around 0.5%, () BNB fell 0.9% and Solana () declined about 3.3%, according to CoinGecko at the time of writing.
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Tokenization of real-world assets, the process of issuing claims on traditional and real-economy assets on blockchain networks, has emerged as one of the biggest narratives in crypto this year.
According to data from , the total distributed value of tokenized real-world assets has more than tripled over the past year, rising from about $5.6 billion at the end of 2024 to roughly $19 billion today.
US Treasury products account for a significant share of that growth, with around $9 billion in Treasury debt now tokenized, up from approximately $3.9 billion at the start of the year.
The largest of these products is BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which provides onchain exposure to short-term US Treasurys with daily yield accrual. The fund has grown to nearly $1.7 billion in assets, according to RWA.xyz .
Other major tokenized Treasury offerings include funds from Ondo Finance and Franklin Templeton, which hold roughly $830 and $798 in assets, respectively, RWA.xyz data shows.
Some of the benefits of tokenizing real-world assets is that it expands access globally, reduces transaction costs, shortens settlement times, and the assets can be traded 24/7.
Keith Grossman, president of crypto payments company MoonPay, recently that putting traditional assets onchain will force similar to how the digital shift reshaped media.
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