- Cathie Wood said much of crypto misunderstands Canton, framing DTCC’s move as an effort to educate markets.
- DTCC plans to tokenize U.S. Treasuries on Canton, changing ownership tracking from internal systems to onchain rails.
- Tokenized Treasuries already supported intraday loans, showing how onchain collateral can move beyond banking hours.
Cathie Wood said the crypto community lacks awareness of the Canton Network during a recent public discussion. She spoke while addressing DTCC’s decision to tokenize U.S. Treasuries on Canton this week. According to Wood, the effort aims to raise visibility, explain DTCC’s role, and show how assets move on-chain.
Canton’s Low Profile in Crypto Circles
Wood stated that many crypto participants do not understand what Canton does or why it matters. However, she added that she also continues learning Canton’s technical details. Notably, she framed the discussion as educational rather than promotional.
According to Wood, DTCC’s involvement offers a clear reference point for understanding Canton’s function. She explained that recognition often follows early adopters in emerging financial infrastructure. Therefore, DTCC’s participation drew attention from both crypto and traditional finance audiences.
DTCC and the Scope of Its Assets
Wood explained that DTCC, the Depository Trust & Clearing Corporation, holds over $100 trillion in assets. These include U.S. Treasuries, corporate bonds, municipal bonds, and equities.
This week, DTCC announced plans to tokenize a subset of highly liquid U.S. Treasuries on Canton. According to the discussion, DTCC will allow owners to track Treasury ownership on Canton instead of its internal database.
Notably, DTCC also indicated interest in expanding tokenization to other asset classes. As a result, the move marked a visible operational shift rather than a pilot announcement.
How Treasuries Move Onto Canton
Wood described how Treasury tokenization works in practice. If an owner requests, DTCC transfers ownership tracking to the Canton network. She noted that preliminary Treasury trades already occurred outside regular banking hours.
In one example, a Treasury moved onto Canton, supported a loan, then returned the same day. As a result, the process allowed collateral conversion during weekends. Wood added that prime brokers participated in these transactions. As markets move toward 24/5 or 24/7 trading, she said collateral mobility becomes operationally necessary.
