Deterministic browser tools and workflow chains for tokenized settlement, collateral management, and regulatory compliance on the Canton Network. Covers DvP atomicity, repo haircut with 24/7 valuation, collateral eligibility, cash-leg finality, margin mobilization (UMR/GMRA), MMF fund collateral, securities lending, deposit token compliance, and counterparty onboarding: all client-side, zero PII.
The DTCC Tokenization Service (DTS) went live on October 28, 2026, with the Canton Network as a launch chain: DTC, a DTCC subsidiary, mints Canton tokens under the CIP-56 token standard, and eligible DTC Participants can convert entitlements between book-entry and tokenized form. Every fact below is cited to DTCC's own pages: see the go-live press release, the DTS service page, and the DTS FAQ hub.
Canton Network, using the CIP-56 token standard, and Besu, DTCC's private network, using ERC-20. DTCC anticipates Stellar (SEP-41) and Arc from Circle (ERC-20) in 2027, with additional L1s and L2s to follow.
Russell 1000 constituents, exchange-traded funds tracking major indices, and U.S. Treasury securities, with a select subset available at launch based on Participant demand. DTCC counts 34 securities available to tokenize at launch.
A three-year authorization period under the SEC no-action letter issued to DTC in December 2025.
20 DTC Participants have signed agreements to date. Conversion orders run from 2:00 a.m. to 6:00 p.m. ET, Monday through Friday, excluding holidays. During those DTC processing hours, tokens may move between the Canton and Besu networks via burn-and-mint, without relying on unsupported bridge protocols. Corporate-action distributions are paid out in fiat, not on-chain, and DTS is a free-of-value service.
Estate tools that model these workflows: Canton Tokenization Readiness Diagnostic (T503), Tokenized Collateral Eligibility Checker (T505), Canton DvP Atomicity Validator (T507), Tokenized Security Lifecycle Validator (T512), Margin Call Collateral Mobilizer (T513), Tokenized Fund Collateral Validator (T514), and the DTC-Custodied Tokenized U.S. Treasury Issuance & DvP validator (art-109).
Canton Network: built on Digital Asset's Daml smart contract language with sub-transaction privacy: raised a privately disclosed $355M (a16z-led, June 2026), making it the best-capitalised permissioned tokenization infrastructure provider. The Global Synchronizer enables atomic cross-network settlement across custody, clearing, and repo networks. Major institutions are live or committing.
Verified live participants and disclosed initiatives as of June 2026. Verify current status with primary sources before relying on this panel for investment or compliance decisions.
DTCC Tokenization Service went live October 28, 2026: on-chain U.S. Treasury tokenization through DTC on Canton (CIP-56) and Besu (ERC-20). ComposerX integrates Canton's Global Synchronizer for cross-custodian DvP.
SettlementUSTTradeweb piloting on-chain US Treasury repo transactions against USDC cash leg via Canton, targeting T+0 atomic settlement with continuous 24/7 valuation.
RepoFinalityBroadridge's Distributed Ledger Repo (DLR) platform processes over $8 trillion per month in intraday repo, using Canton for atomic DvP and sub-transaction privacy.
RepoScaleHQLAX, the collateral mobility platform used by tier-1 banks for intraday HQLA upgrades (collateral swaps), is migrating its triparty collateral network to Canton.
CollateralHQLAJPMorgan's JPMD deposit token on Kinexys (formerly Onyx) represents bank deposits tokenized on Canton-compatible infrastructure for institutional cash settlement.
Deposit TokenCash LegHSBC running tokenized deposit pilot covering USD, GBP, EUR, HKD, and SGD on Canton, enabling cross-currency PvP settlement for institutional clients.
PvPFXFranklin Templeton's FOBXX on-chain money market fund uses tokenized fund shares as collateral. HQLA exclusion applies: key input to Canton MMF Collateral Assessment chain.
MMFCollateralGoldman's Digital Asset Platform (GS DAP) uses Canton for tokenized bond issuance, intraday repo, and structured finance lifecycle management across multiple asset classes.
IssuanceLifecycleAll tools run deterministically in your browser: no account, no server calls, no data transmission.
Assess your institution's readiness for Canton Network participation across legal, operational, technical, and regulatory dimensions. Outputs readiness score and gap analysis.
Open ToolCompute capital savings from Canton 24/7 atomic settlement reducing settlement risk exposure windows. Models CET1 impact and RWA reduction versus T+2 conventional settlement.
Open ToolValidate tokenized collateral eligibility under Basel LCR HQLA tiers (Level 1/2A/2B), EMIR margin rules, and GMRA/GMSLA collateral schedules. Applies haircuts per CRR Art. 416.
Open ToolValidate atomic cash-leg finality on Canton Global Synchronizer. Check settlement latency, finality confirmation, and cross-network synchronization state for DvP and PvP transactions.
Open ToolValidate delivery-versus-payment atomicity guarantees on Canton. Checks Daml contract state transitions, synchronization window, and failure recovery under the Global Synchronizer protocol.
Open ToolCompute repo haircut using Canton 24/7 continuous valuation versus conventional T+2 pricing. Models GMRA haircut schedules, collateral type, and tenor with real-time price availability benefit.
Open ToolValidate counterparty Canton party ID, Daml party membership, and allowlist status for Global Synchronizer onboarding. Checks party certificate and network participation eligibility.
Open ToolClassify digital assets and deposit tokens under MiCA (EMT/ART/utility token), US GENIUS Act (payment stablecoin), and other jurisdictional frameworks. Determines applicable regulatory regime and reporting obligations.
Open ToolValidate payment-versus-payment settlement pairs for cross-currency transactions on Canton. Checks atomic simultaneity, FX exposure window, and compliance with PFMI Principle 9 money settlements.
Open ToolValidate Daml-based tokenized security lifecycle events (issuance, coupon, corporate action, maturity, transfer) against regulatory settlement and disclosure obligations. Canton Global Synchronizer state validation.
Open ToolCompute margin call amounts for derivatives (UMR/d499 IM/VM) or SFTs (GMRA/d349). Models tokenized collateral mobilization speed on Canton versus conventional T+2 settlement. Correctly branched by instrument type.
Open ToolValidate tokenized MMF fund shares as collateral under SEC Rule 2a-7 (US) and EU MMFR. Notes HQLA exclusion: MMF shares do not qualify as HQLA under Basel LCR. Models substitute collateral requirements.
Open ToolValidate collateral swap eligibility under GMSLA (securities lending), GMRA (repo SFTs), and SFTR Art 15 re-use rules. Checks HQLA upgrade/downgrade impact and Canton sub-transaction privacy for re-use chains.
Open ToolOrchestrated multi-tool workflows linking the tools above with AIN Bridge handoffs and composite Policy Mandate export.
T503 Readiness → T504 Capital Optimizer → ART-07 Basel 3.1 Delta → QFA-04 XVA/CVA → SIM-01 LCR/NSFR. Full capital efficiency mandate.
Open ComposerT507 DvP Atomicity → T505 Collateral Eligibility → CRY-04 Execution Hash → ART-06 Counterparty Exposure. DvP readiness audit record.
Open ComposerT508 Repo Haircut → T505 Eligibility → T506 Cash-Leg Finality → QFA-03 Liquidity Stress → SIM-01 LCR/NSFR. Repo mobility mandate.
Open ComposerART-06 Exposure → RCA-02 Reserve Attestation → SIM-01 LCR/NSFR → T506 Cash-Leg Finality. Assurance audit record.
Open ComposerART-04 KYC/AML → ART-10 Risk Rating → Customer Risk Rating → T509 Party Allowlist. Onboarding audit record.
Open ComposerT510 Classifier → ART-06 Exposure → RCA-02 Reserve → ART-10 Risk → T511 PvP. Deposit token compliance mandate.
Open ComposerT510 Classifier → T512 Lifecycle Validator → CRY-04 Execution Hash. Tokenized securities issuance mandate.
Open ComposerT513 Margin Mobilizer (UMR/GMRA branched) → T505 Eligibility → T506 Cash-Leg → QFA-03 Liquidity. Margin mobilization mandate.
Open ComposerT514 Fund Collateral (SEC 2a-7/EU MMFR/HQLA exclusion) → T505 Eligibility → SIM-01 LCR stress. MMF collateral audit record.
Open ComposerT515 Swap Eligibility (GMSLA/GMRA/SFTR Art 15) → T505 HQLA Impact → QFA-03 Liquidity Stress. Securities lending mandate.
Open ComposerThree Canton settlement workflows walked one check at a time: DvP readiness, repo collateral mobility, and capital efficiency. Every step links the tool that runs it, and every workflow links the chain page that records the run.
What a Canton workflow is, the two legs of DvP, the three checks of repo collateral mobility, the two steps of capital efficiency, and one execution hash riding the whole run.
Open the ExplainerPart of the web3 hub family: the full directory lives at web3-hub.html.