The post-trade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption.
The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC.
DTCC clients are eligible to use the DTCC Tokenization Service (DTS). DTS will convert between traditional and tokenized forms of securities that are transferable to digital wallets and retain the same ownership rights and investor protections as their traditional counterparts, the company announced on Wednesday.
The post-trade market infrastructure provider said that 20 of its clients have signed agreements to access the services, including Alpaca, Citadel Securities, Citi, Clear Street, DriveWealth, Fidelity Investments, Interchange Clearing and JPMorgan.
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