UPDATED WED 28 OCT · 20:15 UTCLIVE
CryptoMedium

Tokenization Goes Institutional: DTCC, Securitize, Tokenized Stocks

DTCC went live with its tokenization service for 34 securities representing $30T in market value. Tokenized stock market cap hit $4.63B. Securitize ran a full-page WSJ ad defending regulated tokenization.

What we know

DTCC launched its tokenization service on Canton Network and a private Besu blockchain covering large-cap stocks, ETFs, and US Treasuries — CoinDesk. Token Terminal data shows tokenized stocks at $4.63B market cap — the same level stablecoins were at before growing 64x — flagged by an account on X. Securitize responded to a WSJ ad warning CEOs about tokenized equity risks with its own full-page WSJ defense — another account on X. Alpha degens see 'programmable stock tokens' as the next financial primitive — another account on X. Google also previewed a MPC crypto custody system as an institutional offering — another account on X.

Sources

@CoinDesk

“DTCC goes live with its tokenization service, backing 34 securities representing $30T in market value”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.