🚹HUGE: DTCC, overseeing $114 trillion in securities, will launch its TOKENIZATION service in 2 months.

Starting in October, Russell 1000 stocks, including Nvidia $NVDA , Apple $AAPL and Microsoft $MSFT , will be eligible to be converted into blockchain-based tokens.

This allows institutions to tokenize shares and move them between approved wallets 24/7 while keeping the same ownership rights.

Around 40 firms joined in its successful trial, including JPMorgan, Goldman Sachs, and BlackRock.
- by CoinBureau