Wall Street's Clearinghouse Is Going Onchain
The DTCC, Wall Street's central clearinghouse, announced it will begin tokenizing US assets, including stocks, bonds, and ETFs, this year following an SEC no-action letter. A soft launch is slated for July 13th, with full production by October. This initiative aims to leverage blockchain to enhance scalability and efficiency in financial markets through digital twins and optimized collateral management.
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