CandleFocus

DTCC launches digital asset sandbox to boost tokenization

The Depository Trust & Clearing Corporation (DTCC) has launched the DTCC Digital Launchpad, a digital asset sandbox intended to facilitate collaboration among financial services providers and technology companies in the capital markets industry. The sandbox aims to address fragmentation in asset tokenization, which is projected to be a $16 trillion opportunity by 2030. The sandbox will offer two versions: an open ecosystem for collaborative pilots and dedicated solutions for individual client needs. This initiative comes as DTCC and other market infrastructure providers face increased competition from blockchain technology, which has the potential to eliminate intermediaries in securities trading. In related news, Brazil's central bank has pledged to regulate tokenization and stablecoins in the country, as Brazil ranks ninth globally in digital asset adoption. Stablecoins have gained popularity in Brazil as a hedge against currency depreciation and for cross-border transfers.

Related News