The Canton Network marks a decisive turning point in the global digital finance landscape. On January 15, 2026, Digital Asset and a consortium of leading financial institutions announced the completion of a third series of transactions on the platform, solidifying the network’s position as the go-to infrastructure for global collateral mobility.
This initiative represents a step forward in the realization of ever-active and scalable capital markets, thanks to the adoption of on-chain technologies and the tokenization of deposits.
Collaboration Among Financial Giants
The Canton Network’s industrial working group has recently expanded, welcoming prominent new members such as Euroclear, Euronext, LSEG, and TreasurySpring, alongside Cumberland DRW, Societe Generale, Tradeweb, Virtu Financial, and Digital Asset itself.
This expansion demonstrates the growing traction the project is gaining in European and global financial markets, strengthening collaboration between market infrastructures, banks, and digital solution providers.
Multi-asset and Multi-currency Versatility
For the first time, the working group conducted cross-border intraday repo transactions using multiple currencies and asset classes. The operations involved European government bonds, U.S. Treasuries, euro cash, and U.S. dollars, demonstrating the platform’s flexibility and international reach.
This versatility allows for more dynamic collateral management, enhancing liquidity and efficiency in capital markets.
LSEG DiSH: the tokenization of commercial deposits
One of the key elements of this evolution is the use of LSEG Digital Settlement House (LSEG DiSH). Unlike traditional stablecoins, LSEG DiSH allows for the tokenization of commercial bank deposits, offering a true on-chain cash option.
Users can instantly transfer their deposits to any member of the DiSH network, without the need to maintain direct relationships with each bank. This system enables 24/7 real-time transfers, making tokenized money immediately available as the “cash leg” in intraday repo transactions.
A New Standard for Liquidity
The use of tokenized deposits on Canton Network has enabled the creation of a real liquidity solution, overcoming the limitations of stablecoin-based solutions.
The transactions demonstrate how the mobility of collateral can be enhanced globally, paving the way for a continuously active capital markets infrastructure ready to support new on-chain financing initiatives.
The Voices of the Protagonists
Euroclear: Innovation at the Core of the Strategy
Jorgen Ouaknine, Global Head of Innovation and Digital Assets at Euroclear, emphasizes the importance of collaboration: “Euroclear is pleased to work with these industry leaders to explore the tokenization of deposits through collateral mobility.
As a reliable market infrastructure, we believe that progress in digital finance comes from a close partnership with the market. We aim to unlock new forms of liquidity and offer tangible benefits to our clients, building a more connected and efficient financial ecosystem.”
Euronext: Efficiency and Interoperability
David Leblache, Head of Innovation & AI Products at Euronext, highlights how this initiative reflects the industry’s collective commitment to exploring the potential of tokenization and on-chain infrastructures: “For Euronext, this work aligns with our strategy to support innovation that enhances market efficiency, resilience, and interoperability.”
LSEG: a Real Cash Solution for the Digital
Bud Novin, Head of Payment Systems, Post Trade Solutions at LSEG, expresses enthusiasm for the role of LSEG DiSH: “We are excited about the potential of our DiSH cash service, which offers a true cash solution as the leg of any digital asset transaction.
Tokenizing DiSH Cash on Canton has allowed our clients to benefit from an interoperable commercial bank money solution, on-chain, for settlement against other tokenized assets.”
Digital Asset: Towards a Global Network of Collaterals
Kelly Mathieson, Chief Business Development Officer at Digital Asset, highlights the significance of the milestone achieved: “This result lays the foundation for a true global network of collaterals with on-chain liquidity for high-quality assets.
After the initial tests on US Treasury and USDC stablecoin, we have now unlocked cross-border multi-asset and multi-currency transactions thanks to tokenized deposits, offering more options for the cash leg.”
TreasurySpring: Innovation in the Treasury Ecosystem
Matthew Longhurst, Co-Founder and Chief Innovation Officer of TreasurySpring, highlights how the partnership with Canton Network allows for shaping the future of digital assets within the treasury investment ecosystem, integrating the offering of institutional cash investment products on a global scale.
Future Prospects: Always-On Infrastructures
The recently concluded transactions represent a turning point for the global mobility of collateral and the integration of on-chain liquidity solutions.
The Canton Network working group will continue to collaborate in 2026 on new on-chain financing initiatives, accelerating the transition towards scalable, interconnected, and always available capital markets.
The tokenization of deposits and cross-border mobility of collaterals are no longer just futuristic concepts, but operational realities that are redefining the rules of global finance. With the involvement of leading players and the adoption of innovative technologies, the Canton Network establishes itself as the benchmark platform for the new era of digital finance.