Digital Asset, a US-based blockchain technology firm, and Euroclear, a Brussels-based provider of post-trade services, have launched the first phase of a tokenised collateral mobility initiative for the Canton Global Collateral Network (GCN).

This phase, conducted with a consultancy firm, will assess how Euroclear’s collateral management expertise can be applied to digital and crypto markets using the Canton Network, a blockchain designed for financial markets requiring privacy, scalability, and interoperability.

The initiative aims to enable the regulated exchange of digital assets and cash as collateral.

Euroclear and Digital Asset have noted increasing demand for on-chain collateral and margin management solutions.

Financial institutions are seeking efficient ways to mobilise assets while maintaining privacy and control.

This phase will involve industry participants in defining a strategic roadmap, focusing on how tokenised collateral mobility could improve market efficiency and how collateral management for crypto derivatives could support continuous trading and settlement.

“Euroclear has long been a trusted partner in the global collateral ecosystem, delivering efficient and resilient post-trade services,”

said Marije Verhelst, Head of Product Strategy and Development, Collateral Management and Securities Lending at Euroclear.

“We are now exploring how our expertise can be extended into tokenised assets and digital collateral solutions.”

Kelly Mathieson, Chief Business Development Officer at Digital Asset, stated,

“The Global Collateral Network could enable real-time, compliant, and interoperable asset mobility across traditional finance and digital markets.”

As the Canton Network gains adoption in regulated financial markets, this collaboration reflects growing institutional interest in digital asset technologies.

Featured image credit: edited from freepik