The SEC gave DTCC the green light to launch a tokenization service last week, and the company will be starting by minting US Treasurys on Canton.
Update (Dec. 18, 4:58 am UTC): This article has been updated to add comments from Michael Winnike.
The Depository Trust and Clearing Corporation said it is set to bring tokenized US Treasurys onchain, and plans to expand to a “broad spectrum” of assets in the future.
The DTCC said on Wednesday that it plans to “enable a subset of US Treasury securities” custodied at its subsidiary, the Depository Trust Company, to be minted on the Canton Network, a permissioned blockchain created by the fintech company Digital Asset.
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