DTCC, major banks including Citigroup, Wells Fargo, and Bank of America are participating in a shared initiative regarding tokenized deposits and assets.
1 report, 1 independent
Updated Aug 10
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What happened
DTCC, major banks including Citigroup, Wells Fargo, and Bank of America are participating in a shared initiative regarding tokenized deposits and assets.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Wells Fargo announced tokenized deposits allowing 24/7/365 settlements.Sub-event
DTCC, major banks, and BlackRock are involved in a shared initiative for tokenized deposits and assets.1 source
Keep exploring
Part of
Major financial institutions, including Circle, Goldman Sachs, and BlackRock, participated in a DTCC tokenization pilot supported by the SEC.Also in this story
- BlackRock, Clearing Corporation, Goldman Sachs, and Nasdaq participated in a tokenized stock production effort, signaling a market shift toward onchain settlement.
- DTCC plans to start trading tokenized assets, while banks plan a shared tokenized-deposit network and the FDIC permits crypto custody.
The entities involved
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Depository Trust & Clearing Corporation
company
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BlackRock
American multinational investment management corporation
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Bank of America
American multinational banking and financial services corporation
Related events
- Major financial institutions are partnering to develop and participate in tokenized asset markets and money market funds.
- Major banks are beginning to integrate tokenized assets into their financial services.
- CoinShares, BlackRock, and Nvidia are involved in a market cycle where asset managers are utilizing tokenized Real-World Assets (RWA) and chipmakers are showing signs of resurgence.
- Canadian companies are seeking U.S. market access, utilizing the Depository Trust & Clearing Corporation (DTC) for their needs.
- The largest banks, including JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup, are reportedly working on a tokenized deposit network while the Clarity Act moves through the Senate.