DTCC Launches Tokenization Service as $114T Securities Infrastructure Moves Onchain

DTCC has officially launched its Tokenization Service, bringing blockchain-based representations of traditional securities into production infrastructure used by some of the world's largest financial institutions. The launch on October 28 represents a major step beyond the tokenization pilots that banks and asset managers have been testing for years. The Depository Trust Company, or DTC, currently provides custody and asset servicing for more than $114 trillion in securities. Its new service allows eligible participants to convert supported securities held inside DTC into tokenized representations that can move through approved blockchain networks. DTCC says the tokens retain the ownership rights, investor protections and economic entitlements of the underlying traditional securities.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Daily.