DTCC Turns On Its Tokenized Securities Service for 20 Clients, Meeting Its October Target

Clients of the Depository Trust Company can now tokenize securities it holds on Canton or a private Besu network, with 34 securities eligible at launch, according to DTCC. The Depository Trust Company , the securities depository owned by DTCC , opened the DTCC Tokenization Service to clients on Wednesday, the parent company announced in a release that crossed at 8:04 a.m. ET. Under the service, a security held at DTC can be minted as a token and delivered to a wallet the client picks, and conversion works in both directions between book-entry and tokenized form.