DTCC to pilot tokenized securities trading in July, launch in October

The U.S. Depository Trust & Clearing Corporation (DTCC) has announced plans to begin trading tokenized securities in July, with a full platform launch scheduled for October, CoinDesk reported. The service will be integrated into the DTCC's Depository Trust Company (DTC) system, enabling companies to issue digital versions of their assets while maintaining identical ownership rights and protections. This initiative was developed with feedback from over 50 firms, including BlackRock, Goldman Sachs, JPMorgan, Anchorage, and Circle. The media outlet noted that the DTCC's entry into the real-time tokenization market will add momentum to Wall Street's push into blockchain.