Balchunas Says DTCC Tokenization Project Uses Hyperledger Besu, Canton Network
Uk Jin
Summary
- Eric Balchunas said Hyperledger Besu and the Canton Network were used in the Depository Trust & Clearing Corp.'s latest tokenization project.
- The DTCC tokenization project is part of a multichain strategy aimed at improving resilience, scalability and optionality.
- More than 40 firms, including BlackRock, Goldman Sachs and JPMorgan, are participating in the project, which covers Microsoft and Circle shares, major ETFs and US Treasuries.
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Hyperledger Besu and the Canton Network were used in the Depository Trust & Clearing Corp.'s latest tokenization project, Bloomberg ETF analyst Eric Balchunas said on July 15.
The project was carried out on Hyperledger Besu, DTCC's private network, and Canton as part of DTCC's multichain strategy to improve resilience, scalability and optionality.
More than 40 financial institutions, including BlackRock, Goldman Sachs and JPMorgan, are participating in the project.
Assets selected for tokenization include Microsoft and Circle shares, the Invesco QQQ Trust, the SPDR S&P 500 ETF Trust, the iShares 0-3 Month Treasury Bond ETF and US Treasuries.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.