Deployments · Digital Asset Canton applications · platform by Digital Asset
Euroclear and Digital Asset tokenised collateral on Canton
Euroclear's work with Digital Asset on using tokenised assets as collateral over the Canton Network. A mid-2024 pilot with the World Gold Council made digital twins of gilts, Eurobonds and gold and moved them as collateral with 27 participants. In February 2025 a first project phase began to map how Euroclear's collateral management could serve digital and crypto markets around the clock.
AnnouncedProof of conceptPilotLive (limited)Live (scaled)
Proof of concept since Jul 2024[1] — Pilot ran on a Canton test environment; the 2025 phase is a design and roadmap exercise. No production service found. · Reviewed 1d ago
- Networks
- Use cases
- Collateral mobility[1]
- Jurisdictions
- European Union, United Kingdom
Participants
- EuroclearOperator[1]Belgium
- Digital AssetPlatform provider, Technology provider[1]United States
- World Gold CouncilIssuer[2]United Kingdom
- Clifford ChanceLegal or professional adviser[2]United Kingdom
- 27 participants in the 2024 pilot, including banks, investors, CCPs, custodians and a CSD; a consultancy runs the 2025 phase.[1]
Metrics
- 500 transactionsPilot transactions · as of Jul 2024[1]Test environment
- 27 firmsPilot participants · as of Jul 2024[1]
Timeline
- Happened 25 Feb 2025 · Scope expansion · recorded 11 Oct 2026Euroclear and Digital Asset start a first phase to apply Euroclear collateral management to digital and crypto markets on the Canton Global Collateral Network.[3]
- Happened 2 Oct 2024 · Announcement · recorded 11 Oct 2026Results published for the June–July pilot of tokenised gilts, Eurobonds and gold used as collateral.[1]
Sources
- [1]Euroclear among 27 participants in latest RWA tokenization pilot on Canton — Finadium, 2 Oct 2024. Accessed 11 Oct 2026.C
- [2]Tokenization allows more efficient collateral transfers, Digital Asset, Euroclear and World Gold Council found in pilot project — Canton Network, 2 Oct 2024. Accessed 11 Oct 2026.C
- [3]Digital Asset and Euroclear start first project phase to increase the mobility of collateral assets through the Canton Network — Canton Network / Digital Asset, 25 Feb 2025. Accessed 11 Oct 2026.B
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