Blockchain solution provider Digital Asset has completed a pilot project for the tokenization of US Treasury collateral on the Canton network in collaboration with the Depository Trust & Clearing Corporation (DTCC). The project involved 26 market participants and completed 100 transactions, aiming to meet the key points of speed, privacy, and legal compliance. The tokenized UST assets will be collateralized according to margin calls and transferred in real-time visible atomic transactions.

Odaily Planet Daily reported that blockchain solution provider Digital Asset and the U.S. Depository Trust & Clearing Corporation (DTCC) recently completed a pilot project for the tokenization of U.S. Treasury collateral on the Canton Network. The project involved 26 market participants and executed 100 transactions, aiming to meet key points of speed, privacy, and legal compliance while using highly accessible and popular U.S. Treasuries as collateral assets. 

The project utilized tokenized "digital twins" of U.S. Treasuries (UST) in four use cases, leveraging Canton Network Global Synchronization and DTCC LedgerScan capabilities to demonstrate transaction processes and default scenarios. Digital twins can be used for the same purposes as the assets themselves, such as trading, lending, or collateralization. 

One use case demonstrated that the tokenized UST assets would be collateralized based on margin call requirements (i.e., the need for an investor's brokerage account to appreciate). The collateral is transferred in real-time visible atomic transactions. (Cointelegraph)

Digital Asset has completed a pilot for the tokenization of government bonds with the U.S. DTCC, meeting requirements for speed, privacy, and compliance.