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20 Institutions Join DTCC Tokenization Service With Only 34 Securities Qualifying
(2 hours ago) · 1 source · Summarized by CryptoBipto
Twenty financial institutions have joined the Depository Trust and Clearing Corporation's (DTCC) token service for securities. However, only 34 securities currently qualify for the platform, highlighting the early and limited scope of the initiative.
WHY IT MATTERS
The DTCC is like the behind-the-scenes post office of the U.S. stock market — when you buy or sell a stock, the DTCC helps make sure the shares and the money actually get exchanged between the right parties.
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SOURCES
- cryptoslate.com
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TokenizationDTCCInstitutional AdoptionTraditional FinanceSecurities
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