OpenAssets has partnered with Digital Asset to provide institutions on Canton with asset tokenization services and will serve as an implementation partner for Digital Asset’s tokenization engine, DA Registry. According to Foresight News, the platform will combine tokenized asset issuance, settlement, compliance, asset management, and distribution.

Institutions can use DA Registry to configure allowlists and blocklists, as well as transfer approval functions connected to external know-your-customer and anti-money laundering monitoring services. The assets can participate in atomic settlement, collateral management, and cross-application lending on Canton.