DTCC Plans Solana Link for Tokenization Service
DTCC is preparing to connect its tokenization service to the Solana blockchain, but has not announced a launch date or the assets and transactions it will support.
The Depository Trust & Clearing Corporation is preparing to connect its tokenization service to the Solana blockchain, linking the post-trade infrastructure provider’s digital-asset platform to Solana’s network.
The connection has not been completed, and no launch date has been announced. DTCC and Solana have not detailed which assets or transactions will be supported.
Tokenization represents an asset or financial instrument as a digital token recorded on a blockchain. If the connection goes live, DTCC’s service could use Solana for supported tokenized assets, subject to technical and regulatory requirements.
DTCC is a U.S. financial-market infrastructure provider that offers clearing, settlement, custody and related services for securities transactions. Solana is a public blockchain used for digital-asset transactions and applications.
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