DTCC Launches Tokenization Service on Canton Network with JPMorgan, Citi, Morgan Stanley

The Depository Trust & Clearing Corporation (DTCC), the backbone of Wall Street's post-trade infrastructure, has launched a tokenization service on the Canton Network and the private Ethereum-compatible chain Besu. Among the 20 firms signed up are JPMorgan, Citi, and Morgan Stanley, marking a significant step toward bringing the $30 trillion securities market closer to blockchain technology. The move aims to streamline settlement processes and reduce costs by enabling digital representation of traditional assets. By leveraging distributed ledger technology, DTCC seeks to enhance transparency and efficiency while maintaining regulatory compliance. This development underscores growing institutional adoption of blockchain, as major banks explore tokenized assets for faster, more secure transactions. As the industry moves toward digital infrastructure, this initiative could pave the way for broader transformation in global capital markets.