51 Insights

51 Insights

CEO Notes

DTCC, Goldman, Citadel pick Canton: Why Wall Street chose a private blockchain

Marc Baumann's avatar
Sangam Bharti's avatar
Marc Baumann and Sangam Bharti
Dec 19, 2025
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Hey, it’s Marc.

For over a decade, Ethereum was supposed to be the future settlement layer for global finance. The public, decentralised backbone that would disrupt centralised clearing houses.

On December 17, 2025, after the SEC’s No Action Letter to DTCC, DTCC selected Canton, a private, permission-based network to tokenise the first tranche of America…

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