The Canton Network is officially making global collateral mobile. On January 15, 2026, Digital Asset and a crew of financial heavyweights announced the completion of a third round of transactions on the platform. This cements the network as the infrastructure of choice for moving value around the globe without waiting for the mailman, or as crypto natives call it, "the speed of actual internet."
The project’s industrial working group has beefed up its roster, adding Euroclear, Euronext, LSEG, and TreasurySpring to the mix. They join existing members like Cumberland DRW, Societe Generale, Tradeweb, and Virtu Financial. This expansion shows the European and global markets are taking the concept of "money without borders" seriously, rather than just treating it like a fun sci-fi concept for fintech bros to debate over oat milk lattes.
For the first time, the group executed cross-border intraday repo transactions using multiple currencies and asset classes. The ops involved European government bonds, U.S. Treasuries, euro cash, and U.S. dollars. Basically, they proved the platform can handle the messy reality of international finance while keeping things fast and liquid, without needing a fax machine or a prayer circle.
A major piece of this puzzle is LSEG Digital Settlement House (LSEG DiSH). Unlike your standard stablecoin, DiSH tokenizes actual commercial bank deposits. This allows users to instantly transfer deposits across the DiSH network without needing a direct line to every single bank. It enables 24/7 real-time transfers, making tokenized money immediately available as the "cash leg" in those intraday repo deals—because waiting for T+2 settlement is so last decade.
This setup creates a real liquidity solution that goes beyond the limitations of stablecoins. It proves that global collateral mobility is possible, paving the way for a financial infrastructure that never actually sleeps. Finally, a system that understands the degen schedule of 3 AM panic trading and 3 AM institutional settlements.
Euroclear’s Jorgen Ouaknine noted that progress comes from close partnerships with the market. They aim to unlock new forms of liquidity and build a more connected financial ecosystem. Euronext’s David Leblache added that the initiative supports their strategy to enhance market efficiency and interoperability, essentially trying to make the plumbing less rusty.
LSEG’s Novin expressed enthusiasm for DiSH, calling it a true cash solution for digital asset transactions. Tokenizing DiSH Cash on Canton allows clients to use an interoperable commercial bank money solution on-chain. It’s like giving your checking account a VPN and a jetpack, but with more compliance and fewer risks of getting rugged.
Digital Asset’s Kelly Mathieson called the milestone a foundation for a true global network of collaterals. After initial tests with US Treasuries and USDC, they have now unlocked cross-border, multi-asset, and multi-currency transactions using tokenized deposits. TreasurySpring’s Matthew Longhurst highlighted how the partnership helps shape the future of digital assets within the treasury investment ecosystem, turning static cash into a dynamic, yield-bearing machine.
The working group plans to continue collaborating in 2026 on new on-chain financing initiatives. The goal is to accelerate the transition toward scalable, interconnected, and always-available capital markets. The tokenization of deposits and cross-border collateral mobility are no longer futuristic concepts; they are operational realities redefining the rules of global finance. The repo men are here, and they’ve traded their bicycles for something significantly faster.
