DTCC Tokenization Starts Without Crypto’s Freedom

DTCC has launched its securities tokenization service commercially. Tokens move on Canton Network and on a private Hyperledger Besu chain. Major banks such as JPMorgan and Citigroup have signed access agreements. The actual value of tokenized assets has not been disclosed yet. The Depository Trust & Clearing Corporation (DTCC), the company that clears and settles nearly all of the U.S. securities market, launched the DTCC Tokenization Service commercially on October 28 . The first wave covers 34 instruments (Russell 1000 stocks, exchange-traded funds and U.S. Treasury securities) with a combined market value of roughly $30 trillion, according to DTCC.