Summary
- DTCC said it plans to begin a pilot for tokenized securities trading in July and formally launch the service in October.
- The service will be built within the DTC ledger system and is designed to support issuance of digital versions of assets while maintaining the same ownership and protection framework as existing markets.
- The market sees DTCC’s entry into the tokenization market as a factor that could influence broader blockchain adoption on Wall Street, with the pilot’s outcome and broader institutional participation serving as key variables.
Forecast Trend Report by Period
The Depository Trust & Clearing Corp. plans to introduce a platform for trading tokenized securities, signaling deeper blockchain adoption across traditional financial infrastructure.
CoinDesk reported on May 4 that DTCC plans to begin a pilot for tokenized securities trading in July and formally launch the service in October.
The service will be built within the ledger system of the Depository Trust Company, or DTC, DTCC’s central securities depository.
It is designed to help companies issue digital versions of assets while preserving the same ownership and protection framework used in existing markets.
The platform was developed with input from more than 50 institutions, including BlackRock, Goldman Sachs, JPMorgan, Anchorage and Circle.
The market views DTCC’s move into tokenization as a factor that could accelerate broader blockchain adoption on Wall Street. The pilot’s outcome and broader institutional participation will be key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
