Wall Street backbone DTCC brings $30 trillion securities closer to blockchain with major banks

coindesk.com3 min read

The Depository Trust & Clearing Corporation has launched its tokenization service on the Canton Network and Besu blockchain, bringing U.S. stocks, ETFs, and Treasuries onto blockchain infrastructure. Twenty financial firms, including JPMorgan, Citi, and Morgan Stanley, have signed agreements to access the service, which aims to enable 24/7 securities transfers and on-chain settlement. DTCC plans to expand the service by adding Stellar and Arc in 2027 while keeping official ownership records with its subsidiary, the Depository Trust Company. Open article →

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