DTCC unit launches tokenization services
The post-trade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption.
The post-trade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption.
The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC.
DTCC clients are eligible to use the DTCC Tokenization Service (DTS). DTS will convert between traditional and tokenized forms of securities that are transferable to digital wallets and retain the same ownership rights and investor protections as their traditional counterparts, the company announced on Wednesday.
DTC has more than $114 trillion in assets under custody, including stocks and exchange-traded funds. The company said its service will create a “practical path” for tokenized securities adoption.