Canton Price News: CC Rises as DTCC Pilot Could Boost Ecosystem Growth

Canton (CC) has seen its price rise by 54% in the past month after the blockchain announced a collaboration with DTCC to test the network for an ongoing tokenization project.

The Depository Trust & Clearing Corporation (DTCC) is a key piece of the puzzle in terms of market infrastructure, processing over $3.7 quadrillion in securities transactions as of 2024.

Earlier this month, the company announced that it was exploring a new program that relies on the Canton blockchain to launch tokenized U.S. Treasury securities to compete with initiatives like Securitize and BlackRock’s BUIDL fund.

“With this partnership, DTCC plans, for the first time, to enable a subset of U.S. Treasury securities custodied at DTC to be minted on the Canton Network,” the company’s official statement reads.

“DTCC’s partnership with Digital Asset and the Canton Network is a strategic step forward as we collaborate across the industry to build a digital infrastructure that seamlessly bridges the traditional and digital financial ecosystems and provides unmatched scalability and safety,” said Frank La Salla, Chief Executive Officer of DTCC at the time.

This joint venture expects to launch an “MVP in a controlled environment” at some point during the first semester of 2026 and will progressively increase the size and scope of the project based on how client interest evolves.

Broadridge Proves Canton Can Process Billions in Transactions Daily

According to data from RWA.xyz, Canton’s total value locked (TVL) has surpassed $200 billion. All of these assets are associated with Broadridge’s Distributed Ledger Repo (DLR), a solution used by banks like Société Générale and UBS that allows them to settle repo transactions.

Through the use of smart contracts and tokenized securities, these banks can settle repos instantly, allowing them to fulfill their financial needs.

“The net effect is a loan with the Treasuries as collateral. DLR enables the agreement, execution and settling of repo transactions on a single ledger,” a document from Broadridge explaining the solution reads.

Broadridge’s successful experiment with Canton may have prompted DTCC to explore the network’s use case for this tokenization project.

If the experiment delivers good results, it could drive significant asset inflows to the Canton network and boost the demand for CC in the near term, as network activity will rise rapidly.

$1 Sounds Possible If DTCC Partnership Expands

The 4-hour charge shows that Canton had been consolidating for a while but found strong support at $0.095 after experiencing selling pressure at $0.11.

CC/USD 4-hour Chart (Capital.com) – Source: TradingView

Trading volumes for the token in the past 24 hours have nearly doubled to $59 million, but are still significantly low relative to the asset’s circulating market cap at 1.2%.

The $0.11 could now turn into support after the recent bullish breakout. If that’s the case, the token could start climbing to uncharted territory if it successfully bounces.

The Relative Strength Index (RSI) has been steadily climbing, reaching overbought territory recently as the price reached $0.13. This is a token that has the potential to reach $1, which would mean that its market cap will expand to $36 billion.

A collaboration with DTCC would increase the odds of such achievement. Currently, Canton has climbed to the 24^th spot in the market’s leaderboard with a market cap of $4.8 billion.