DTCC launches tokenization service, bringing $30 trillion in U.S. securities to blockchain

The Depository Trust & Clearing Corporation (DTCC) debuted its tokenization service on Canton Network and a private Besu blockchain, bringing U.S. stocks, ETFs and Treasury bonds onto blockchain infrastructure. The service initially supports 34 securities representing approximately $30 trillion in market value, with 24/7 transfers and existing shareholder protections. Major Wall Street firms including JPMorgan, Citi, Morgan Stanley, Bank of America and UBS have signed agreements to access the platform.