DTCC Moves $30 Trillion in Securities Closer to Blockchain With Major Banks

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The Depository Trust & Clearing Corporation, a core piece of Wall Street's infrastructure, has launched its tokenization service on the Canton Network and the private Besu blockchain. Roughly 20 firms have signed on to the service, including JPMorgan, Citi and Morgan Stanley. The move brings the tokenization of securities worth about $30 trillion a step closer to reality. The source report frames the launch as a major milestone for blockchain adoption in traditional finance.

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