Wall Street backbone DTCC brings $30 trillion securities closer to blockchain with major banks
DTCC’s tokenization service went live on Canton Network and private chain Besu, with JPMorgan, Citi and Morgan Stanley among 20 firms signed up.
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Summary
- DTCC introduced its tokenization service on Canton Network and its private Besu blockchain, bringing U.S. stocks, ETFs and Treasuries onto blockchain infrastructure.
- The debut brings blockchain closer to the heart of U.S. markets, with 24/7 securities transfers, existing shareholder protections and plans for onchain settlement and collateral.
- Twenty Wall Street firms, including JPMorgan, Citi, Morgan Stanley, Bank of America and UBS, have signed agreements to access the service.
