Real-world events are confirming the migration of securities on-chain. On October 28, 2026, DTCC launched its Tokenization Service, letting participants convert eligible securities held at DTC into digital twins on Canton and on DTCC’s private Besu network.

Related Article: The Day Wall Street’s Plumbing Went Onchain

The 34 securities eligible at launch represent roughly $30 trillion in market value, according to a DTCC spokesperson cited by CoinDesk. That is the pool now eligible for tokenization, not the amount already moved on-chain.

Earlier this year, firms including DTCC, Euroclear and LSEG completed a cross-border repo on Canton using tokenized U.K. government bonds.

Tokenization has become working market infrastructure, not just an investment narrative. Tokenization has become working market infrastructure, not just an investment narrative. Digital Asset, the company behind Canton, estimates roughly $300 trillion in high-quality liquid assets globally, illustrating the potential scale of the opportunity.

For a forward-looking investor, the question is now which investment
vehicles or companies will participate in the value creation that accompanies this transition. The problem is that simply owning assets that become tokenized does not change their underlying value, at least not directly. We therefore look to the service and infrastructure providers as the real winners in this movement. Our investment in Canton ($CC) is one way to participate, and not a perfect one: today its utility is limited to Global Synchronizer traffic fees and network incentives.

Think of Canton as Wall Street’s version of Ethereum, connecting DTCC and major banks through shared infrastructure built for institutional privacy and control.

Those controls matter. DTC keeps claw-back and forced-transfer rights over its tokens, and Canton’s Super Validators can vote to block sanctioned parties from the network. These are asset-level recovery and access controls, not a universal power to undo transactions or freeze any account, and Ethereum can support similar issuer controls through standards such as ERC-3643.

Canton’s edge is its institutional architecture and ecosystem, not exclusive technology. $CC offers exposure to that ecosystem, not ownership of DTCC or its banks, and adoption does not guarantee token appreciation.

John Sarson

CEO, Sarson Funds

Disclosures: This article is for informational purposes only and should not be considered financial, legal, tax, or investment advice. It provides general information on cryptocurrency without accounting for individual circumstances. Sarson Funds, Inc. does not offer legal, tax, or accounting advice. Readers should consult qualified professionals before making any financial decisions. Cryptocurrency investments are volatile and carry significant risk, including potential loss of principal. Past performance is not indicative of future results. The views expressed are those of the author and do not necessarily reflect those of Sarson Funds, Inc. By using this information, you agree that Sarson Funds, Inc. is not liable for any losses or damages resulting from its use.