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DTCC\u00a0announced<\/a>\u00a0Monday (May 4) that it plans to facilitate limited production trades of real-world assets tokenized using its tokenization service in July before a wider launch in October.<\/p>\n \u201cOur vision is coming to fruition: launching our tokenization service and successfully bridging TradFi and DeFi,\u201d Frank La Salla, DTCC president and CEO, said in a news release.<\/p>\n \u201cWe believe tokenization will significantly change how markets work and operate, bringing new levels of liquidity, transparency and efficiency to investors.\u201d<\/p>\n According to the release, the service is being designed with help and input from more than 50 firms from the traditional and digital finance spaces, including\u00a0Anchorage Digital<\/a>,\u00a0Bank of America<\/a>,\u00a0Charles Schwab<\/a>,\u00a0Circle<\/a>,\u00a0Citi<\/a>,\u00a0Goldman Sachs<\/a>,\u00a0J.P. Morgan<\/a>,\u00a0Kraken<\/a>\u00a0parent company\u00a0Payward<\/a>, and\u00a0Wells Fargo<\/a>.<\/p>\n The service will allow for the tokenization of real-world, Depository Trust Company (DTC)-custodied assets that offer the same \u201centitlements, investor protections and ownership rights\u201d as traditional assets, \u201csupported by DTC\u2019s resilience and accountability,\u201d the release added.<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n DTC custodies assets valued at over $114 trillion, and has received Securities and Exchange Commission (SEC) authorization to offer a defined tokenization service for DTC Participants and their clients for three years.<\/p>\n \u201cTokenization is an important and critical step toward building tomorrow\u2019s digital infrastructure,\u201d said Nadine Chakar, DTCC Managing Director, Global Head of Digital Assets. \u201cDTCC is committed to remaining at the forefront of innovation and championing a scalable, interoperable and risk-managed Web3 ecosystem that harnesses the power of digital ledger technology and delivers real value to the industry.\u201d<\/p>\n In other tokenization news, PYMNTS wrote recently about the implications of\u00a0HSBC<\/a>\u00a0bringing its Tokenized Deposit Service (TDS) to the U.S.,\u00a0extending a platform<\/a>\u00a0that had already been tested out in other markets.<\/p>\n