DTCC launches tokenization service with 20 major banks including JPMorgan, Citi, Fidelity

Wall Street has taken a significant step toward mainstream adoption of blockchain technology as the Depository Trust & Clearing Corporation (DTCC) launched its new DTCC Tokenization Service on October 28. DTCC, the central clearing and settlement hub for the US securities market, unveiled the platform to facilitate the issuance and transfer of tokenized securities among major financial institutions. Twenty prominent financial institutions, including JPMorgan Chase, Citi, Fidelity, and Morgan Stanley, have signed agreements to participate in the new service. Additional firms, such as Bank of America, BNP Paribas, UBS, and Velocity Capital, have also committed to the platform.

Also reported by TronWeekly.

Source: CoinTurk News