DTCC subsidiary DTC launches tokenization services for securities
Briefing by News4U · First published
DTCC subsidiary Depository Trust Company launched tokenization services on Wednesday, letting eligible clients mint tokenized versions of securities held at DTC, with 20 firms signed up and more than $114 trillion in assets under custody.
The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC, Cointelegraph reported. [1]
DTC has more than $114 trillion in assets under custody, including stocks and exchange-traded funds. Tokenized forms are transferable to digital wallets and retain the same ownership rights and investor protections as their traditional counterparts, according to the report. [1]
20 of its clients have signed agreements to access the services, including Citadel Securities, Citi, Fidelity Investments and JPMorgan. The tokenization service is currently integrated with Canton Network and DTCC Besu private network, with plans to add additional blockchain networks in 2027. [1]
Sources
- DTCC unit launches tokenization services
Cointelegraph · · Full text