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Tokenization · Wall Street ·

20 institutions join DTCC token service, but only 34 securities qualify

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The Depository Trust Company, DTCC’s securities depository, launched its Tokenization Service on Oct. 28, giving eligible institutions a way to move tokenized securities over weekends.

Key facts

Summary

01 DTC launched DTCC’s service on Oct. 28, enabling continuous token transfers between registered wallets on the same blockchain. 02 Business-day conversion hours imply advance inventory preparation for firms that need conversion to supply a weekend token transfer. DTCC said 20 Participants had signed access agreements at launch, and the service’s launch scope allows conversion orders through its interface and API from 2 a.m. to 6 p.m. The practical inference is that a firm relying on conversion for a weekend transfer needs to prepare its token inventory during a preceding business-day window.

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