The Depository Trust Company, a DTCC subsidiary, launched its tokenization service on October 28, allowing eligible institutions to transfer tokenized securities over weekends. Twenty participants had signed access agreements at launch, while only 34 securities were available for tokenization, including selected Russell 1000 equities, exchange-traded funds and US Treasuries. Already-tokenized securities can move 24/7 between registered wallets on the same blockchain, and conversion orders are accepted from 2 a.m. to 6 p.m. Eastern Time on business days. Cash payments and acceptance of tokens as collateral require separate arrangements, while on-chain netting and digital cash are only listed as indicative initiatives for 2027 and beyond.
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