The Depository Trust & Clearing Corporation (DTCC) said Monday it has reached new progress and clarified timelines for delivering its tokenization service—an initiative aimed at bringing tokenized real-world securities into the same infrastructure used by the US capital markets today.
Two-Phase Rollout For Tokenized RWAsDTCC’s tokenization service, as described in its release, is designed for tokenizing real-world, DTC-custodied assets while preserving the core rights that investors expect from securities held in traditional form.
DTCC further emphasized that the service is built on DTC’s existing resilience and accountability, noting that DTC already custodies assets worth more than $114 trillion.
In remarks accompanying the announcement, Brian Steele, DTCC Managing Director and President for Clearing & Securities Services, said the goal is to provide “systemic scale where deep liquidity already lives.”
How The DTCC Plans To Bridge TradFi And DeFiDTCC’s digital assets leadership also tied the initiative to broader infrastructure goals. Nadine Chakar, DTCC Managing Director and Global Head of Digital Assets, said tokenization is a “critical step” toward building digital infrastructure for the future.
DTCC said the firms involved in the Industry Working Group represent a wide cross-section of roles, including custodians, asset managers, brokers, trading venues, application providers, and back-office service providers.
The participating firms include Anchorage Digital, Bank of America, BitGo Bank, BlackRock, and Ripple Prime, as well as over 50 other firms from the traditional finance (TradFi) sector and the crypto industry.
DTCC President and CEO Frank La Salla described the project as a step toward bridging TradFi and decentralized finance (DeFi) through structured, ongoing dialogue.
Featured image from OpenArt, chart from TradingView.com
