DTCC
DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers.
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Former SEC Acting Chairman Michael Piwowar Joins Backpack US Board of Directors
Backpack has announced the appointment of former U.S. Securities and Exchange Commission (SEC) Commissioner and Acting Chairman Dr. Michael S. Piwowar to the Board of Directors of Backpack US.Public records show that Piwowar served as an SEC Commissioner from 2013 to 2018 and was appointed Acting Chairman by President Trump. He was among the earliest top U.S. regulators to engage in discussions on digital assets and ICO oversight. Prior to joining the SEC, he served as Chief Economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, contributing to the drafting of SEC-related provisions in the Dodd-Frank Act and the JOBS Act.Backpack stated that this appointment comes at a time when the U.S. Commodity Futures Trading Commission (CFTC) has approved the first regulated Bitcoin perpetual contract. The company previously offered regulated perpetual contract trading services within the EU and has the capability to roll out the same product line under the new U.S. framework. Additionally, former CFTC Acting Chairman Mark Wetjen serves as President of Backpack US and participates in the DTCC Tokenization Working Group, continuously advancing the company's compliance strategy within the U.S. market.
Backpack
Bitcoin
Frank
Public
Backpack Launches Securities Platform to Bridge Traditional and Digital Asset Markets
Cryptocurrency exchange Backpack announced the launch of Backpack Securities, enabling investors to buy, hold, and sell real stocks backed by regulated U.S. securities infrastructure—entitling them to dividends, corporate actions, and rights under systems such as ACATS and DTCC. Additionally, positions can be converted into tokenized securities freely transferable and tradable 24/7 on public blockchains like Solana. Orders are routed directly into U.S. equity market liquidity pools, with execution prices reflecting real-time market prices.
Backpack
Bridge
Digital Asset
Solana
Citigroup forecasts the tokenized securities market size to reach $5.5 trillion by the 2030s
According to CoinDesk, Citigroup released the report “Tokenization 2030: Wall Street On-Chain,” forecasting that the global market size for tokenized real-world assets (RWAs) will grow from $17 billion today to $5.5 trillion by 2030 (reaching $8.2 trillion under an optimistic scenario). The report notes that the Depository Trust & Clearing Corporation (DTCC) plans to launch a pilot program for tokenized securities trading in July this year; Nasdaq is advancing its blockchain-based framework for stock issuance; and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is also making related moves. The entry of these three traditional market infrastructures marks an industry inflection point.
ALLO
based
Chain
CoinDesk
entry
Ice Open Network
DTCC plans to integrate tokenized securities with the Stellar network by 2027
According to CoinDesk, DTCC (Depository Trust & Clearing Corporation), a U.S. market infrastructure giant, announced plans to connect its tokenized securities platform to the Stellar (XLM) network in the first half of 2027, enabling on-chain issuance, settlement, and lifecycle management of equities, ETFs, and U.S. Treasuries, while also exploring tokenization use cases for highly liquid assets.
CoinDesk
Stellar
DTCC Plans to Launch DTC Custody Asset Tokenization Service on Stellar Public Chain
the US Depository Trust and Clearing Corporation (DTCC) and the Stellar Development Foundation have announced a partnership to deploy DTC custody asset tokenization services on the Stellar network, with the associated assets expected to go live in the first half of 2027.DTCC received a no-action letter from the US SEC in December 2025, authorizing it to conduct real-world asset tokenization business. The two parties will focus on the on-chain conversion of highly liquid assets, including Russell 1000 constituent stocks, major index ETFs, US Treasuries, and various bonds. This collaboration leverages the Stellar network to establish a compliant on-chain channel, representing a significant step in the integration of traditional financial infrastructure with blockchain technology and will further expand the application scenarios for real-world asset tokenization.
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Foundation
Foundation
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Prometheum Launches Digital Brokerage Solution to Expand Distribution Channels for Tokenized Securities via Wall Street’s Distribution Network
According to CoinDesk, New York-based digital asset infrastructure firm Prometheum has officially launched its Prometheum Capital digital brokerage solution, offering broker-dealers and registered investment advisors (RIAs) agency clearing, custody, and trading services—enabling them to directly provide tokenized securities and crypto assets to clients through traditional brokerage accounts. Aaron Kaplan, co-founder and co-CEO of the company, stated that “hundreds of billions of dollars’ worth of tokenized securities already exist on-chain, yet there remains a lack of distribution channels for mainstream investors. The crypto industry solved tokenization—but not distribution.” Prometheum operates multiple regulated entities covering the full lifecycle of tokenized securities—including issuance, trading, custody, clearing, and settlement—and joined the DTCC’s industry working group in May. Initial agency clearing clients include Arete Wealth Management and Network 1 Financial Securities. Kaplan also revealed that the company is set to announce an institutional distribution partnership aimed at attracting more major issuers to its ecosystem.
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CoinDesk
Prometheum
Street
SEC might release a regulatory framework for tokenized stocks as early as this week, as Wall Street accelerates its push into on-chain securities
the U.S. Securities and Exchange Commission (SEC) is preparing to introduce a new regulatory framework for trading tokenized stocks, which could be announced as early as this week. It is reported that the SEC is studying an "innovation exemption" mechanism, allowing trading platforms to offer digital versions of listed securities on-chain under more relaxed regulatory conditions. This move is seen as a significant signal that U.S. regulators are further shifting towards supporting tokenized securities.Currently, multiple Wall Street institutions have accelerated their layout in related businesses. The Depository Trust & Clearing Corporation (DTCC) plans to launch limited production trading of tokenized assets in July and expand promotion in October; Nasdaq is developing a blockchain-based stock issuance framework; and Intercontinental Exchange (ICE) is advancing tokenized stocks and crypto-related products through its partnership with OKX.SEC Chairman Paul Atkins previously stated that the SEC is considering establishing formal rules for on-chain trading systems, blockchain settlement infrastructure, and crypto custody models, and believes that existing securities regulations are no longer suitable for on-chain protocols that integrate trading, clearing, and settlement. (CoinDesk)
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CoinDesk
Ice Open Network
Street
Sharplink CEO: Ethereum Treasury Firms Are Diverging from Strategy Model, Focusing More on Staking Yields
Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are gradually deviating from the model of Strategy and Michael Saylor, focusing more on staking yields and a clean balance sheet rather than relying on complex financing structures.Chalom believes that Ethereum treasury companies can generate returns directly by holding ETH, thus eliminating the need for excessive leverage. He also indicated that only a few Ethereum treasury companies will be able to survive through market downturns.Furthermore, citing BlackRock CEO Larry Fink's previous views, he described Ethereum as a "tokenized toll road" and pointed out that the New York Stock Exchange and Nasdaq's push for 24-hour trading plans, DTCC's exploration of tokenized collateral, and Bullish's acquisition of Equiniti will all further drive tokenized assets into the traditional financial system.Chalom expects that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually forge a different development path from Bitcoin in the future. (The Block)
Bitcoin
Block
Bullish
Ethereum
Furthermore
Strategy
DTCC Introduces Chainlink to Build Blockchain-Based Collateral Management Platform, Aiming for Near-Real-Time, 24/7 Settlement
According to CoinDesk, the Depository Trust & Clearing Corporation (DTCC) announced it will leverage Chainlink’s infrastructure to power its blockchain-based collateral management platform, Collateral AppChain. Built on the Besu blockchain, the platform utilizes Chainlink’s Compute Runtime Environment (CRE) and data standards to support asset pricing, valuation, margin calculation, collateral optimization, and settlement. Through smart contracts, it enables 24/7 automated collateral management—aiming to address the current delays in cross-institutional and cross-time-zone movement of assets within existing collateral systems.
Based
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CoinDesk
Canton Network developer seeks to raise $300 million at a valuation of approximately $2 billion
Digital Asset (the developer of Canton Network) is reportedly raising approximately $300 million in funding at a valuation of around $2 billion, led by a16z crypto, the venture arm of Andreessen Horowitz.The funding round is expected to close within the next few weeks and would be the company's largest financing round to date. Canton Network has attracted participation from institutions including Visa, Goldman Sachs, and DTCC.The network focuses on a privacy-configurable public chain designed for institutions and has already processed or issued over $6 trillion in tokenized assets.
Canton Network
Digital Asset
Visa
21Shares Launches First U.S. ETF Tracking Canton Network’s Native Token
According to The Block, 21Shares’ Canton Network ETF began trading on Nasdaq Thursday under the ticker symbol TCAN. This fund is the first ETF in the U.S. to offer direct exposure to Canton Coin—the native utility token of the Canton Network. The Canton Network is a privacy-preserving blockchain ecosystem built for institutional finance, with core developer Digital Asset backed by Goldman Sachs, Microsoft, and DTCC. Over the past year, the U.S. market has launched ETFs tracking various crypto assets, including SOL, XRP, DOGE, HBAR, and Polkadot.
21Shares
Block
Canton Network
Digital Asset
Dogecoin
Hedera
DTCC Seeks High-Performance L1 Blockchain Partnership to Drive Corporate Actions Onchain
According to CoinDesk, Frank La Salla, CEO of the Depository Trust & Clearing Corporation (DTCC), stated at Consensus 2026 in Miami that DTCC is collaborating with multiple high-performance Layer-1 blockchain networks to explore on-chain processing of corporate actions such as dividend payments and tender offers. DTCC processes approximately $20 trillion in U.S. securities transactions daily; La Salla noted that existing blockchain networks still face throughput bottlenecks: “We process millions of dividend payments each day—we must rely on high-performance L1s to achieve this.” DTCC plans to launch testing of its tokenized securities platform in July this year and roll it out fully in October.
CoinDesk
Frank
Onchain
DTCC Announces Launch of Tokenized Securities Trading Pilot in July, with Participation from BlackRock, JPMorgan Chase, and Goldman Sachs
According to FinanceFeeds, the Depository Trust & Clearing Corporation (DTCC) announced on May 4 that it will launch the first “production environment” transactions for tokenized securities in July 2026. This pilot initiative—developed jointly by DTCC and over 50 major financial institutions, including BlackRock, JPMorgan Chase, and Goldman Sachs—aims to directly integrate tokenized real-world assets (RWAs) into the core infrastructure of U.S. capital markets.
ALLO
RWA Inc.
Xend Finance
摩根大通
BlockBooster Joins the Canton Foundation, Joining Other Foundation Members Including DTCC, Euroclear, Goldman Sachs, and HSBC
As a foundation member, BlockBooster will jointly participate with other member institutions in the foundation’s governance decisions, committee work, and ecosystem development, and will advance its on-chain asset management business on Canton—covering private credit, tokenized funds, and other real-world asset classes.
BlockBooster
Foundation
Foundation