DTCC Plans Tokenization of 25 Securities on Canton and Besu Blockchains
(2 hours ago) · 1 source · Summarized by CryptoBipto
The Depository Trust & Clearing Corporation (DTCC) has outlined a plan to tokenize 25 securities using the Canton and Hyperledger Besu blockchain networks. The rollout represents a significant step by one of the largest financial market infrastructure providers toward integrating blockchain technology into traditional securities processing.
WHY IT MATTERS
Think of the DTCC as the behind-the-scenes bookkeeper for almost every stock and bond trade in the United States. When you buy a share of stock, the DTCC is the organization that makes sure the seller actually delivers the stock and you actually pay for it. Tokenization means representing those stocks or bonds as digital tokens on a blockchain — a shared digital ledger — instead of tracking them through traditional databases. If the DTCC successfully moves securities onto blockchains, it could make trading and settling faster and more transparent. This is significant because it is not a startup experimenting with blockchain; it is the backbone of the existing financial system exploring a fundamental change in how securities are handled.
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