U.S. DTCC nears pilot for tokenizing custodied securities

The U.S. Depository Trust & Clearing Corporation (DTCC) is set to conduct a demonstration of asset tokenization using securities held in its custody, Cointelegraph reported. The DTCC stated that it is currently preparing a proof-of-concept demo version of a tokenization system based on securities held at The Depository Trust Company, adding that the project is close to its operational phase.