DTCC's Tokenization Service: What Ran on Canton, and What to Watch in October
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.
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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.
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.
CIP-0115 gives the bank up to 8 weight for milestones such as a production collateral trade, tokenized Treasury repo and deploying SG-FORGE's EURCV and USDCV on Canton.
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.
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.
