20 institutions join DTCC token service, but only 34 securities qualify
Photo: CryptoSlate
The Depository Trust Company, DTCC’s securities depository, launched its Tokenization Service on Oct. 28, giving eligible institutions a way to move tokenized securities over weekends. DTCC said 20 Participants had signed access agreements at launch, and the service’s launch scope allows conversion orders through its interface and API from 2 a.m. to 6 p.m. Eastern time on business days, targeting completion within 15 minutes. Already-tokenized securities can move 24/7 between DTC-registered wallets on the same blockchain.
Source: CryptoSlate
