DTCC Launches Tokenization Service for $30 Trillion Securities

The Depository Trust & Clearing Corporation (DTCC) has launched a service supporting the tokenization of securities with a market capitalization of approximately $30 trillion. On the 28th (local time), DTCC announced that it would begin offering tokenization services on the Layer 1 blockchain project Canton Network and its own private blockchain, Besu. At the time of the service launch, a total of 34 types of securities can be tokenized, including some large-cap stocks included in the Russell 1000 index, exchange-traded funds (ETFs), U.S. short-term Treasury bills, medium-term Treasury bonds, and long-term Treasury bonds. DTCC plans to expand the scope of service support in the future and will add the Layer 1 blockchain project Stellar and Circle's Arc to the network by 2027. Additionally, it plans to introduce transaction settlement tools using digital cash. So far, contracts for the tokenization service have been signed with over 20 major global financial institutions, and assets can be transferred 24 hours a day through registered blockchain wallets after tokenization is completed. Currently, the goal is to reduce the tokenization processing time to within 15 minutes.

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