Canton Network targets European and Asian government bonds after US Treasuries

Canton Network has spent the year proving that US Treasuries can live on a blockchain and still do their day job. Now it wants to try the same trick with the rest of the world’s government debt. The network, built by Digital Asset, is exploring European and Asian government bonds. It is also working with banks to issue deposit tokens. That second piece matters as much as the first, because a tokenized bond is only half a trade. From Treasuries to gilts and JGBs The starting point is US government debt. Canton has launched tokenized US Treasuries for repo transactions as of August 2026, with the tokens serving as collateral for repo and financing deals. The next targets on Canton’s list are European government bonds, including UK Gilts and EuroGovs. On the Asian side, the focus includes Japanese Government Bonds, known in the trade as JGBs. Some of that groundwork is already visible. In January 2026, cross-border repo transactions were carried out using tokenized UK Gilts on LSEG’s platform. In Japan, proofs of concept for JGBs as digital collateral began in April 2026. The participating banks include MUFG, Mizuho and Nomura, which is roughly the Japanese banking establishment showi...