🏦 Wall Street’s “plumbing” is moving onto the blockchain. DTCC, the central depository for U.S. securities, has published details of its tokenization service, announced for October 2026.
📌 The facts (DTCC document, reported on Oct. 17)
• 25 securities tokenizable at launch: major Russell 1000 stocks, ETFs, and U.S. Treasury bills
• ~30 trillion $ in assets eligible eventually (not tokenized from day one)
• Networks at launch: Canton and Besu (DTCC’s private network). Stellar and Arc (Circle) planned for 2027
🧠 How it works
• Each token is backed 1:1 by a real security held at DTC, with the same CUSIP code and the same rights
• Transfers 24/7 between registered wallets, on the same blockchain
• Conversion between a traditional security ⇄ token: business days, 2 a.m.–6 p.m. (New York time), with a target of 15 minutes
• “Compliant” tokens: transfers can be restricted, and tokens can be frozen and recovered
⚖️ The caveat
• Not launched yet, with no specific date; everything depends on the SEC’s no-action letter
• Restricted to DTC participants (banks, brokers), not the general public
• The official register remains with DTC: this is not open DeFi
👤 Didier, a student in Kinshasa, sees ads for “Apple shares as tokens.” This service isn’t directly available to him. But he learns the right question to ask: who holds the real share behind the token, and what rights does it give me?
✅ A legitimate tokenized share = an identifiable real security + an accountable issuer.
Do you think 24/7 stock trading will reach us? 👇
Not financial advice. DYOR.
Sources: DTCC, TSN, The Crypto Times.
#Tokenisation #RWA #Crypto #Afrique
📌 The facts (DTCC document, reported on Oct. 17)
• 25 securities tokenizable at launch: major Russell 1000 stocks, ETFs, and U.S. Treasury bills
• ~30 trillion $ in assets eligible eventually (not tokenized from day one)
• Networks at launch: Canton and Besu (DTCC’s private network). Stellar and Arc (Circle) planned for 2027
🧠 How it works
• Each token is backed 1:1 by a real security held at DTC, with the same CUSIP code and the same rights
• Transfers 24/7 between registered wallets, on the same blockchain
• Conversion between a traditional security ⇄ token: business days, 2 a.m.–6 p.m. (New York time), with a target of 15 minutes
• “Compliant” tokens: transfers can be restricted, and tokens can be frozen and recovered
⚖️ The caveat
• Not launched yet, with no specific date; everything depends on the SEC’s no-action letter
• Restricted to DTC participants (banks, brokers), not the general public
• The official register remains with DTC: this is not open DeFi
👤 Didier, a student in Kinshasa, sees ads for “Apple shares as tokens.” This service isn’t directly available to him. But he learns the right question to ask: who holds the real share behind the token, and what rights does it give me?
✅ A legitimate tokenized share = an identifiable real security + an accountable issuer.
Do you think 24/7 stock trading will reach us? 👇
Not financial advice. DYOR.
Sources: DTCC, TSN, The Crypto Times.
#Tokenisation #RWA #Crypto #Afrique