DTCC announces the launch of a tokenized securities platform in October

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According to a report from the Wall Street Journal, the Depository Trust & Clearing Corporation (DTCC) in the United States announced that it will begin limited production trading in July and fully roll out its tokenized securities platform in October. The service will allow companies to issue digital versions of assets held in custody while maintaining the same ownership interests and protections. More than 50 companies have participated in building the system, including Blackstone, Morgan Stanley, JPMorgan Chase, as well as crypto-native firms such as Anchorage and Circle. DTCC processes trillions of dollars in transactions in the U.S. market and acts as the custodian for more than $114 trillion in securities each day. Tokenization is drawing growing interest from traditional financial institutions; supporters say it can reduce settlement time, lower costs, and open up markets to new participants. DTCC President and CEO Frank La Salla said, “We believe that tokenization will significantly change the way markets operate, bringing investors new liquidity, transparency, and efficiency.”

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