DTCC Outlines 25-Security Tokenization Rollout on Canton and Besu
Tokens will be backed 1:1 by securities held at DTC, with Stellar and Circle’s Arc anticipated in 2027.
AI summary
The Depository Trust & Clearing Corporation has outlined a plan to tokenize 25 securities across the Canton and Besu networks, with each token backed 1:1 by securities held at DTC. Stellar and Circle's Arc are anticipated to be involved by 2027. The move signals growing institutional adoption of blockchain-based settlement infrastructure, a constructive development for tokenization narratives and the networks named, though the multi-year timeline limits near-term price impact.
