DTCC Tokenization Service Runs on Two Blockchains, With More Planned for 2027
Photo: TokenPost
The Depository Trust & Clearing Corporation (DTCC) operates its tokenization service on Canton Network and DTCC’s private Besu network. Twenty participants have signed up, and DTCC plans to support additional blockchain networks in 2027, extending tokenized securities through a core U.S. market utility. The service represents securities held by The Depository Trust Company (DTC), DTCC’s depository subsidiary, as tokenized “digital twins.” It allows conversion between the securities and tokens, which retain the underlying securities’ ownership rights, investor protections and economic benefits. Morgan Stanley, which previously announced plans to adopt the service , said it has used it to tokenize U.S.
Source: TokenPost
