DTCC went live Wednesday with a tokenization service on Canton Network and its private Besu blockchain, initially covering select Russell 1000 stocks, ETFs and U.S. Treasuries. The 34 eligible securities represent approximately $30 trillion in market value, according to CoinDesk, and 20 firms, including JPMorgan, Citi, Morgan Stanley, Bank of America and UBS, have signed agreements to access the service. Eligible firms can tokenize securities during business hours, with DTCC targeting processing times of 15 minutes or less; tokens can then move between registered wallets around the clock while DTC retains official ownership records and existing shareholder rights. DTCC plans to add Stellar and Circle Internet’s Arc blockchain in 2027, along with digital-cash settlement and collateral tools.