Major Banks Sign on as DTCC Launches Tokenized Securities Service

The Depository Trust & Clearing Corporation has launched a blockchain tokenization service connecting Wall Street’s traditional securities infrastructure with digital markets, opening a new channel for assets held within a custody operation overseeing more than $114 trillion in securities. On Wednesday, DTCC told Bitcoin.com News that the launch of its Tokenization Service (DTS ) would allow eligible institutions to create blockchain-based representations of securities held by its subsidiary, the Depository Trust Company (DTC). The service lets participating firms convert conventional securities entitlements into digital tokens, transfer them to designated wallets, and subsequently convert them back into traditional form.