DTCC Launches Tokenized Securities Settlement Service
(3 hours ago) · 1 source · Summarized by CryptoBipto
The Depository Trust and Clearing Corporation (DTCC), the main clearinghouse for U.S. securities, has launched a service for settling tokenized securities. The move signals that major Wall Street infrastructure providers are actively building systems to handle blockchain-based financial assets. The service is being tested as part of broader industry efforts to modernize settlement processes.
WHY IT MATTERS
Think of the DTCC as the post office of Wall Street — when you buy or sell a stock, the DTCC is the organization that makes sure the shares and the money actually get exchanged between the right parties.
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SOURCES
- newsbtc.com
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