Key Takeaways
- •Digital Asset and a consortium completed a third round of on-chain repo transactions on the Canton Network.
- •LSEG DiSH tokenized deposits were utilized as the real cash leg, enabling instant, 24/7 cross-border settlement.
- •Participants including Euroclear and Euronext highlighted tokenization's role in enhancing liquidity and enabling scalable digital finance.
Digital Asset, in collaboration with a consortium of leading financial institutions, has successfully completed a third series of on-chain transactions on the Canton Network. This latest activity involved intraday repurchase (repo) transactions across multiple currencies and assets, including European government bonds, U.S. Treasuries, and tokenized cash via LSEG Digital Settlement House (LSEG DiSH). This development signifies a significant advancement in the integration of blockchain technology within mainstream financial operations.
A third set of onchain repo transactions has been completed on @CantonNetwork, expanding on December’s second set of transactions.
This round delivered three clear advancements:
• Cross-border, intraday repo across multiple assets + currencies (USTs, EGBs, USD/EUR cash)
•… pic.twitter.com/4htLJpNANi— Canton Network (@CantonNetwork) January 15, 2026
Multi-Asset, Multi-Currency Transactions Enable Faster Settlement
The consortium, which now includes Euroclear, Euronext, LSEG, and TreasurySpring, in addition to Cumberland DRW, Societe Generale, Tradeweb, and Virtu Financial, demonstrated the capability to execute cross-border repo transactions with notable efficiency. By employing LSEG DiSH, tokenized commercial bank deposits served as a genuine on-chain cash leg. These deposits settled instantly among participants, eliminating the need for prior banking relationships.
This innovative approach circumvents traditional banking infrastructure, thereby reducing settlement delays and facilitating real-time capital movement. Industry observers suggest that these capabilities have the potential to fundamentally alter liquidity management and collateral efficiency for institutional investors.
Tokenized Deposits Enhance Liquidity and Market Connectivity
The utilization of tokenized deposits, as opposed to stablecoins, ensures that actual cash flows are now represented on-chain. This provides a secure and compliant framework for high-value transactions. Euroclear emphasized the critical role of collaboration in advancing tokenized cash infrastructure, while Euronext highlighted how this initiative supports regulatory compliance and market efficiency. LSEG confirmed that DiSH tokenization facilitates fully interoperable transfers, offering a scalable solution for on-chain settlement.
Digital Asset characterized this milestone as the establishment of a foundation for a global collateral network with improved liquidity. TreasurySpring underscored the potential for broader adoption of digital assets across institutional treasury operations. This latest round of transactions reflects a discernible industry trend towards scalable, continuously available digital finance, providing evidence that multi-asset, multi-currency on-chain settlements are transitioning from experimental stages to practical implementation.
Digital Asset, the developer of the Canton Network, has secured strategic investments from prominent Wall Street firms, including Goldman Sachs and BNP Paribas. These investments are intended to accelerate the institutional adoption of blockchain technology and the expansion of tokenized assets.