DTCC tokenization service officially launches, initially supporting 34 securities

TechFlow reports that on October 28, the DTCC Tokenization Service officially launched, initially supporting the tokenization of 34 types of securities. The DTC currently holds approximately $30 trillion in custodial assets, with each token backed 1:1 by securities held by the DTC and carrying identical legal and ownership rights to those underlying securities. Tokenized assets use a single CUSIP, enabling 24/7 on-chain peer-to-peer transfers between DTC-registered wallets. The service features built-in compliance controls and supports near-real-time ownership tracking. It currently connects to approved blockchain networks such as Besu and Canton Network, with additional networks slated for integration by 2027, according to the webpage.