DTCC plans tokenization service covering major U.S. securities

DTCC plans to officially launch a tokenization service covering assets across its broader $114 trillion infrastructure, according to CEO Frank La Salla.
The service is expected to support Russell 1000 stocks, major index ETFs and U.S. Treasuries, allowing eligible tokenized securities to move between approved wallets around the clock.
The announcement follows live tokenized-asset transactions involving more than 30 firms in July. More than 100 organizations, including BlackRock, Goldman Sachs and JPMorgan, have also joined DTCC's tokenization working group.