According to CryptoSlate, the Depository Trust & Clearing Corporation (DTCC) is developing a tokenization service that could compress settlement timelines. DTCC aims to make tokenized securities entitlements compatible with the existing U.S. settlement system. JPMorgan is working to define "cash on-chain" for KYC'd capital through its MONY fund. The DTCC pilot focuses on who is credited, not where the token resides. The pilot program will allow tokens to move between approved blockchain addresses, while DTC tracks every move, ensuring its books remain the source of truth. This initiative represents a bank-and-broker-friendly approach to integrating cash-like tokens and DTC-recognized entitlements, acknowledging existing regulations.

According to CryptoSlate, the Depository Trust & Clearing Corporation (DTCC) is developing a tokenization service that could compress settlement timelines. DTCC aims to make tokenized securities entitlements compatible with the existing U.S. settlement system. JPMorgan is working to define "cash on-chain" for KYC'd capital through its MONY fund. The DTCC pilot focuses on who is credited, not where the token resides. The pilot program will allow tokens to move between approved blockchain addresses, while DTC tracks every move, ensuring its books remain the source of truth. This initiative represents a bank-and-broker-friendly approach to integrating cash-like tokens and DTC-recognized entitlements, acknowledging existing regulations.