Euroclear and Digital Asset are partnering on the mobility of collateral assets using the Canton Network.
The Euroclear group comprises Euroclear Bank, the International CSD, and other subsidiaries providing post-trade services like custody and settlement.
Digital Asset is a blockchain infrastructure firm serving the entire digital asset array.
The Canton Network is a blockchain for financial markets with the goal of facilitating a regulated exchange of digital assets and cash as collateral.
The two sides say they have commenced the first phase of the project to provide mobile collateral.
The firms say they are seeing growing market interest in on-chain collateral and management solutions as financial institutions look for ways to meet capital obligations globally. Tokenized collateral mobility could enhance efficiency across global markets, supporting 24/7 trading and settlement.
Kelly Mathieson, Chief Business Development Officer at Digital Asset, believes the Global Collateral Network could revolutionize collateral management.
“This is a significant step toward unlocking the full potential of tokenization across new crypto capital markets.”
