Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up

SEC staff said Canton Coin is viewed as a digital commodity and that they would not recommend enforcement action over how the coin is minted. The statement came a week after DTCC launched a tokenization service that operates partly on the Canton Network. Canton Coin is the asset at issue, DTCC launched the service, and the Canton Network is the network the service runs partly on; the guidance concerns the coin’s creation process.