DTCC launches tokenization service with input from 150 firms

The Depository Trust & Clearing Corporation launched a tokenization service developed with input from 150 firms, moving the U.S. clearinghouse into blockchain-based securities settlement. The service aims to improve liquidity and efficiency in securities trading by tokenizing traditional assets. The specific tokens, chains, and total value locked involved were not disclosed in the announcement. The effort matters because DTCC sits at the center of U.S. market infrastructure, giving tokenization a bridge to mainstream clearing and settlement. Next, watch for which assets and blockchains the service supports and whether volume migrates from pilot programs into production use.