News · Cointelegraph

DTCC unit launches tokenization services

The Depository Trust Company (DTC), a DTCC subsidiary, has launched the DTCC Tokenization Service (DTS), which lets eligible clients mint tokens representing securities held at DTC that can move to digital wallets while keeping the same ownership rights and investor protections. Twenty clients, including Alpaca, Citadel Securities, Citi, Fidelity Investments and JPMorgan, have signed agreements to use the service, and DTC has more than $114 trillion in assets under custody. The service currently runs on Canton Network and DTCC's Besu private network, with more blockchain networks planned for 2027, and DTCC says it creates a 'practical path' for tokenized securities adoption.

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