DTCC eyes October tokenized securities launch with 50 DeFi and TradFi giants

The Depository Trust & Clearing Corporation plans to launch tokenized securities in October, partnering with 50 DeFi and TradFi giants. This move aims to position tokenization as the future of the existing financial system, leveraging the corporation's $114 trillion in custodied liquid assets. The launch is expected to significantly impact the financial industry.