More than 30 firms processed live trades with tokenized DTC securities in July, on Canton and on DTCC's private network. The commercial launch is due this month.
SPYe, QQQe, NVDAe and SPCXe give economic exposure to US stocks and ETFs on Canton. Edel also says EDELx staking is close and has joined DTC's tokenization working group.
The industry working group's fourth round added the first cross-currency repo of tokenized gilts against non-sterling tokenized deposits, with LSEG's DiSH Cash as the cash leg.
The group's third round used European government bonds and US Treasuries against euro and dollar cash, with LSEG's DiSH tokenized bank deposits as the cash leg instead of stablecoins.
The market data firm brings licensed pricing, including Bloomberg evaluated prices and NCFX benchmarks, to the workstream on getting clearing houses to accept tokenized assets as margin.
A proof of concept that ran from July converted a token modelled on a yen stablecoin into one modelled on a won stablecoin, with no dollar leg. Only test tokens moved, and real use waits on Korean law.
Two leading asset managers used tokenized money market fund shares in collateral trades run through Nasdaq's Calypso platform. No trade sizes or exact dates were disclosed.
The proof of concept with Digital Asset checks whether JGB collateral can move 24/7 on a blockchain while keeping its legal status under Japan's Book-Entry Transfer Act.
Virtu, M1X Global and Tradeweb completed a repo with a sovereign digital bond in under ten minutes, all legs settling atomically on Canton.
Four MUFG companies started a proof of concept for repo against digital money, selected for Japan's Financial Services Agency Payment Innovation Project.
Franklin Templeton sold, Virtu Financial bought, and the security and the cash moved together. Tradeweb calls it the first real-time on-chain Treasury trade on its platform.
The simulated pilot covered issuance, transfer and atomic settlement of HSBC tokenised deposits against other digital assets; the bank named no counterparties or assets.
