DTCC plans to advance 25 securities tokenizations in Canton with Besu

The Depository Trust & Clearing Corporation (DTCC) announced a plan to advance the tokenization of securities, intending to launch the tokenization of 25 securities on the Canton and Besu networks. The related tokens will be backed on a 1:1 basis by securities held in custody by DTCC's subsidiary, the Depository Trust Company (DTC).

DTCC also disclosed that it will subsequently expand the scope of tokenized assets to the Stellar network and the Arc network launched by Circle, with an expected implementation date of 2027.