The DTCC is beginning to get SERIOUS on tokenization
But this was just a matter of time
Anyone that's been paying attention over the past few years would know tokenization's been confirmed.
And the DLTs that DTCC's selected?
$XLM $SEI $ONDO $LINK $XRP $CC
A small handful, but a proven handful
Let's look into what roles each of these are holding in the institutional tokenization space.
Stellar has spent the past few years proving to be more than just payments infrastructure.
Institutions like WisdomTree, Franklin Templeton, Spiko & many others have taken notice.
But that doesn't mean Stellar's gone away from payments, their utility has just expanded.
Now Stellar is a leading DLT in all things value.
Whether value from financial assets or value from cross border payments.
And the DTCC has caught onto this.
It's no coincidences that they're one of the DTCC's first exclusive partners for tokenization
Ripple Sei & Ondo have all been selected to join the DTCC's Tokenization Working Group.
Each having proven tokenization infrastructure and utility in their own rights.
Ripple has done extensive work with both XRP Ledger along with RLUSD & all other solutions under Ripple's wheelhouse.
As we actually see Ripple Prime being the main medium of Ripple involved here.
Going to further show the vast utility the Ripple ecosystem offers today across the future of finance.
Ondo's work has been obvious.
From initial collaborations with BlackRock for OUSG, leading to many other institutions,
All the way to what we see now with Ondo Global Markets becoming a leading platform.
Sei, while less involved in institutional tokenization than the former names, has shown extensive capabilities themselves.
This not only comes from scalability around the network operations.
But also given the tokenized funds deployed by the BlackRock backed Securitize & KAIO.
Last but certainly not least is Canton Network.
Having been built internally by Digital Asset, which works with a broad consortium that included BNP Paribas, Goldman Sachs, Microsoft, and others...
It's no surprise to see Canton in the spot they are today.
In fact this level of institutional backing is likely what led Canton to be the FIRST chain selected by DTCC.
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When we really zoom out, it's obvious each of these DLTs were selected intentionally.
All have proven utility and scaling for mass real world tokenization capabilities.
And it shouldn't be a surprise that the DTCC has chosen these names.
When we're talking about the clearing house responsible for quadrillions of dollars...
Only the best is gonna make it onto the list