Wall Street Tycoon DTCC Sets July Pilot, October Launch for Tokenized Securities Shift

The Depository Trust & Clearing Corporation (DTCC) announced a July pilot and October launch for tokenized securities, allowing for digital representation of existing assets on a blockchain. The service will be available through its subsidiary, the Depository Trust Company, which holds over $114 trillion in custodied assets. DTCC is working with over 50 firms, including traditional custodians and crypto-native infrastructure firms.