DTCC Launches Tokenization Service for Institutions’ $30 Trillion in Securities
The company responsible for clearing and settling most stock trades said Wednesday it launched a service allowing institutions to tokenize about $30 trillion in securities.
By Joe LightThe company responsible for clearing and settling most stock trades on Wednesday said it had launched a service letting institutions turn about $30 trillion in securities into tokens. The launch could kick off a major shift on Wall Street.Major financial institutions for years have expe…