DTCC Targets October Launch for Tokenization Service

The Depository Trust & Clearing Corporation (DTCC) is planning a fall launch for its tokenization service. DTCC announced Monday (May 4) that it plans to facilitate limited production trades of real-world assets tokenized using its tokenization service in July before a wider launch in October. “Our vision is coming to fruition: launching our tokenization service and successfully bridging TradFi and DeFi,” Frank La Salla, DTCC president and CEO, said in a news release.