Read this article on bsc.news Yuval Rooz (@YuvalRooz), CEO of Digital Asset, the main developer behind the Canton Network, has set out where @CantonNetwork ($CC) is heading next. Speaking in
Yuval Rooz (@YuvalRooz), CEO of Digital Asset, the main developer behind the Canton Network, has set out where @CantonNetwork ($CC) is heading next. Speaking in an X Space on Saturday, he put tokenized stocks at the top of the list, followed by repo trading, derivatives and a wider range of private assets.
The focus on equities follows a first for the network. According to a filing by Canton Strategic Holdings (NASDAQ: CNTN), its issuer-sponsored tokenized common stock was traded on TSV LLC, a permissioned venue for tokenized NMS stocks on Canton. The company said these were the first trades of their kind under the SEC's September 17 Innovation Exemption.
The company announced the trades on November 4. FinanceFeeds reported how they worked: Five North transferred shares to a verified wallet, DRW Cumberland bought the tokenized stock and Flowdesk supplied liquidity through a pool on TSV, with settlement on the Canton Network. The SEC's relief is not a blanket waiver. Crypto.news describes it as temporary and conditional, applying to qualifying tokenized securities venues.
Rooz also pointed to the Depository Trust & Clearing Corporation (DTCC). Its depository subsidiary, DTC, received a no-action letter from SEC staff on December 11, 2025. Law firm Seward & Kissel notes the letter permits a three-year pilot, and The Block reported that it covers Russell 1000 constituents, ETFs tracking major U.S. equity indices, and U.S. Treasury bills, bonds and notes. Issuer consent is not required under the pilot, according to a Morgan Lewis summary of the letter, a point Rooz also raised.
After equities, Rooz expects more firms to join repo trading on Canton this year. Repo refers to short-term loans backed by bonds. Derivatives and additional private assets are expected to follow.
For corporate users, Rooz cited Uber's treasury pilot as the model for bringing in non-financial companies. HSBC, Franklin Templeton, Tradeweb and Fireblocks ran that pilot for Uber on Canton, Ledger Insights reported. Rooz also said an upcoming paper of his estimates that front-running attacks have cost more than $1 billion. That figure comes from Rooz and has not been independently verified.
The sequencing reflects the regulatory position. Tokenized equities now have a defined, if conditional, route in the US, while DTC's pilot is limited to highly liquid instruments. Derivatives and more private assets would widen the list further.
Sources
Canton Strategic Holdings Form 8-K, SEC EDGARFinanceFeeds: Canton Network hosts first SEC-exempt tokenized U.S. equity tradesSeward & Kissel: SEC greenlights DTC's securities tokenization pilot program
