The Depository Trust & Clearing Corporation, the clearinghouse that processes U.S. securities transactions, on Wednesday launched a pilot to test tokenized stocks and U.S. Treasuries with nearly 40 financial institutions.
While tokenized digital assets can be traded on cryptocurrency exchanges and applications, they do not necessarily confer legal ownership of the underlying asset.
Interest in tokenized real-world assets has accelerated over the past year as traditional financial institutions expand blockchain initiatives.
