Wellington Management

Wellington Management, the US investment management firm founded in 1928 and based in Boston, completed its first tokenized collateral trades on the Canton Network together with Vanguard, announced by Digital Asset on August 24, 2026. The test used shares of a money market fund tokenized with Nasdaq technology and issued as digital tokens on Canton, with the entire collateral workflow running through Nasdaq Calypso: margin calls generated in the platform, tokens transferred on-chain between the parties' Canton wallets with real-time settlement finality, and collateral inventories updated automatically. From the firms' perspective, the digital assets were treated as part of a single collateral pool, mobilized in the same way as any other instrument, and the governing agreements were amended in a targeted way to recognize the tokenized fund shares as eligible collateral. It was a test, not a production deployment, and the firm has not disclosed trade size or intended frequency.