DTCC Launches Tokenization Service, Initially Supporting 34 Securities

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On-chain news broke on October 28 as DTCC launched its tokenization service, initially covering 34 securities. The tokens are 1:1 backed by assets held by DTC and carry the same legal and economic rights. Real-world asset (RWA) news highlights the use of CUSIP codes for 24/7 peer-to-peer transfers between DTC wallets. Compliance controls enable real-time ownership tracking. Partners include BitGo, Blockdaemon, Fireblocks, HashKey, and others.

ChainThink reports that, on October 28, according to the official announcement, DTCC's tokenization service has launched, initially supporting 34 securities.

Tokens are backed 1:1 by securities held by DTC; holders enjoy the same legal rights and economic interests as the underlying securities. The same CUSIP code is used in both traditional and on-chain markets, enabling peer-to-peer transfers between DTC-registered wallets around the clock.

This service includes built-in compliance controls that enable near real-time tracking of ownership.

The initial wallet and application partners include BitGo, Blockdaemon, Fireblocks, HashKey, Kaleido, Prometheum, Talos, Temple, and Tradeweb.

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