DTCC is moving DTC-custodied Treasuries onto Canton, the blockchain network that already handles $6 trillion in real-world assets. The move puts a slice of the U.S. government debt market on a public ledger. Lighter's LIT exchange also went live this week, trading with fees that are a multiple of Hyperliquid's.
Canton's $6 trillion footprint
Canton is a blockchain purpose-built for real-world assets. It's already processing $6 trillion in assets, a scale that puts it in a league of its own for tokenized securities. The network's design is meant to handle the compliance and privacy needs of institutional players, which is likely why DTCC chose it.
Treasuries on the ledger
DTCC's move puts DTC-custodied Treasuries on Canton. That means securities held in the Depository Trust Company's custody will have a digital representation on the network. It's a big step for bringing government debt into the blockchain ecosystem, and it gives Canton a marquee name in traditional finance.
Lighter's LIT and the fee question
Lighter's LIT exchange started trading this week. Its fee structure is a multiple of Hyperliquid's, a notable choice in a market where exchanges often compete on lower costs. Whether traders follow the platform will depend on more than price, but the fee gap is a bold opening move.
The two developments land in the same week, each pushing blockchain further into mainstream finance. LIT's fee experiment and Canton's Treasury rollout will be watched closely by traders and institutions.
