The Depository Trust & Clearing Corporation (DTCC) has announced plans to roll out tokenization for 25 securities using the Canton and Besu blockchain platforms. These tokens will be backed on a 1:1 basis by securities held at the Depository Trust Company (DTC).
The initiative is part of a broader effort to integrate blockchain technology into traditional financial infrastructure. Stellar and Circle’s Arc are expected to be involved in this project, with a target timeline extending into 2027.
This move signifies a significant step toward the institutional adoption of blockchain-based financial instruments, potentially streamlining processes such as settlement and custody.