DTCC Plans October Access for Tokenization Service Covering $30 Trillion
Photo: TokenPost
The Depository Trust & Clearing Corporation plans to open commercial access in October to a tokenization service covering about $30 trillion in assets held through its DTC central securities depository, a quarter of the assets in its custody. At launch, the service will operate on Canton and Besu, both closed platforms, and support 25 liquid instruments. The initial group includes U.S. Treasurys, major exchange-traded funds and Russell 1000 stocks. Eligible participants will be able to turn traditional securities into tokens through a user interface or API between 2 a.m. and 6 p.m.
Source: TokenPost
