DTCC Launches Tokenization Service Targeting Up to $30 Trillion in Assets
Photo: TokenPost
The Depository Trust & Clearing Corporation (DTCC) has launched a tokenization service aimed at bringing up to $30 trillion in real-world assets on-chain, extending blockchain-based services into U.S. securities markets. The initial scope covers 25 securities, including U.S. Treasuries, equities and exchange-traded funds. The networks named for the service, Canton and Hyperledger Besu, operate in permissioned blockchain environments. The service is designed to create on-chain representations of securities while retaining existing investor protections. It also aims to support faster settlement and collateral transfers at any time of day.
Source: TokenPost
