DTCC announces roadmap to tokenize 1.4M securities

The U.S. Depository Trust & Clearing Corporation (DTCC) has unveiled a roadmap to tokenize all 1.4 million securities it holds, CoinDesk reported. The project, which began following the DTCC's 2023 acquisition of blockchain technology startup Securrency, aims to optimize collateral, enable real-time settlement, and secure 24-hour liquidity. For security reasons, the initiative will adopt a burn-and-mint mechanism under its own controlled layer instead of using cross-chain bridges.