The $4 Quadrillion Trojan Horse The Depository Trust and Clearing Corporation (DTCC)—the quiet juggernaut behind $3.7 quadrillion in annual securities trades—just got the green light from the SEC to start tokenizing U.S. Treasurys. Sounds futuristic? It is. Sounds dangerous? It’s that too—but not for the reasons they want you to believe. DTCC will be using a permissioned blockchain, known as the Canton Network, to digitize a subset of U.S. Treasury securities. This system will eventually expand to other “DTC-eligible” assets—ETFs, bonds, index funds, and more. This is not about decentralization. It’s about consolidation—and your risk exposure just got a whole lot worse. A Permissioned Blockchain Is Just a Polite Prison Canton is not an open blockchain. It’s a walled garden…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the weekly briefing.
No credit card required. Cancel any time.
