DTCC Launches Securities Tokenization Service as Major Banks Join
Edited by Steinar Vigdel Kolnes, Editor, Oslo
DTCC has introduced a blockchain tokenization service linking traditional securities infrastructure with digital markets, with major banks signing on.
The Depository Trust & Clearing Corporation (DTCC) has launched a service for tokenizing securities on blockchain networks, according to Bitcoin.com News.
The offering connects DTCC’s established securities infrastructure with digital markets. It creates a route for tokenization involving assets within a custody operation that oversees more than $114 trillion in securities.
Major banks have signed on to the service, the report said. The supplied excerpt did not identify the institutions or detail the scope of their participation.
Source: Bitcoin.com News
