Cardano founder Charles Hoskinson has reignited debate around blockchain infrastructure after commenting on recent moves by traditional finance firms into tokenization. Responding to news around the Canton Network, Hoskinson said legacy finance is trying to recreate systems that XRP and Cardano-linked projects are already building, but at a much smaller scale.
Hoskinson argued that platforms like XRP and Midnight are designed from the ground up for Web3, while traditional institutions are only beginning to experiment. When asked what scale he was referring to, he pointed directly to the real-world asset market, saying the goal is a $10 trillion opportunity.
According to Hoskinson, success in this space requires full end-to-end systems, strong partnerships, and active communities. “You can’t fake Cardano or the XRP community,” he added.
Why the timing matters
Hoskinson’s comments came just as Canton Coin jumped roughly 20% over the past week, clearly outperforming a mostly flat or weaker crypto market. Canton Coin’s rally stood out because it was driven by institutional infrastructure news rather than broad market momentum.
The move followed a December 17 announcement from the Depository Trust & Clearing Corporation, or DTCC, which revealed plans to explore tokenizing a portion of U.S. Treasury securities on the Canton Network. DTCC plays a central role in global finance, processing trillions of dollars in securities transactions every year.
Why DTCC’s move is important
DTCC said the initial focus would be U.S. Treasury securities held through its Depository Trust Company unit. Rather than replacing existing systems, the goal is to see how tokenization can work within current market structures. DTCC’s leadership described the effort as a long-term roadmap that could eventually expand to many other regulated assets.
The total value of tokenized RWAs has grown sharply over the past 12 months, with U.S. Treasurys account for a large share of that expansion.
On one side are legacy financial players adapting blockchain to existing systems. On the other are networks like XRP and Cardano, which he argues were built from the start to handle global-scale tokenization. As institutions push deeper into real-world assets, the race may come down not just to products, but to who controls the infrastructure behind them.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Glassnode published data revealing that 30 percent of the circulating Bitcoin supply relies on cryptography…
ZEST is trying to claw its way into the next leg higher after breaking above…
AERO is suddenly back on traders’ radar, and honestly, it’s not hard to see why.…
Crypto exchange OKX is no longer stopping at memecoins, perpetual swaps, or token hype cycles.…
After trading within a tight range, the SUI price volatility has surged as it has…
U.S. lawmakers have officially launched an investigation into prediction market platforms Polymarket and Kalshi over…
