DTCC Launches $30 Trillion Tokenization Service With JPMorgan and Citi

The Depository Trust & Clearing Corporation (DTCC) launched its Tokenization Service on October 28, bringing 34 eligible securities worth approximately $30 trillion into its new blockchain initiative. JPMorgan and Citi are among 20 financial institutions that have signed agreements to access the service, marking a significant step in the adoption of blockchain technology across traditional financial markets. The launch puts DTCC, one of the most important institutions in U.S. securities infrastructure, at the center of Wall Street’s shift toward tokenized assets. It also creates a new pathway for major financial institutions to bring stocks, ETFs and U.S.