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Defi Onchain

DTCC Moves $6T Treasuries to Canton as Lighter Launches LIT Token

The Depository Trust & Clearing Corporation tokenized $6 trillion in U.S. Treasuries on Canton Network while Lighter launched its LIT token, seeking to compete with Hyperliquid's fee economics.

The On-Chain Desk

Gokhshtein Media

October 2, 2026

3 min read

Fact-checked before publicationHuman-reviewedCorrections

DTCC Moves $6T Treasuries to Canton as Lighter Launches LIT Token

Photo by RDNE Stock project / Pexels

Key Points

The Depository Trust & Clearing Corporation has integrated $6 trillion in U.S.
Lighter's strategy targets Hyperliquid's fee multiples, but the scale disparity underscores the challenge of competing against an established dominant venue in on-chain derivatives.

The Depository Trust & Clearing Corporation has integrated $6 trillion in U.S. Treasuries onto the Canton Network, enabling on-chain tokenization and settlement for assets held in DTC custody. Canton currently processes $350 billion in daily U.S. Treasury activity, with both Broadridge and DTCC using the network for RWA settlement.

Lighter's strategy targets Hyperliquid's fee multiples, but the scale disparity underscores the challenge of competing against an established dominant venue in on-chain derivatives.

The On-Chain Desk

Gokhshtein Media

The On-Chain Desk covers DeFi protocols, on-chain capital flows, stablecoins, tokenization, and the mechanics of decentralized finance. About this desk →

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