The tokenization of real-world assets (RWA) pilot program by the US securities clearing giant DTCC has attracted significant market attention. According to insiders, the institution will launch its first pilot transaction in July, focusing on testing on-chain settlement processes for traditional financial assets such as stocks and bonds. Notably, Ripple's institutional service platform Ripple Prime has confirmed its participation in the DTCC working group, working with more than 20 financial institutions including BlackRock, JPMorgan Chase, and HSBC to develop technical standards.



"This marks the official inclusion of blockchain technology into Wall Street's core infrastructure upgrade roadmap," said Messari analyst, a cryptocurrency asset research firm. As the clearing giant responsible for 98% of global securities transactions, if DTCC's pilot project is successfully implemented, it could trigger a wave of on-chain migration of traditional financial assets. According to Boston Consulting Group, the tokenized financial market is expected to surpass $16 trillion by 2030.
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