20 institutions join DTCC token service, but only 34 securities qualify

The Depository Trust Company, DTCC’s securities depository, launched its Tokenization Service on Oct. 28, giving eligible institutions a way to move tokenized securities over weekends.DTCC said 20 Participants had signed access agreements at launch, and the service’s launch scope allows conversion orders through its interface and API from 2 a.m. to 6 p.m. Eastern time on business days, targeting completion within 15 minutes.Already-tokenized securities can move 24/7 between DTC-registered wallets on the same blockchain.The practical inference is that a firm relying on conversion for a weekend transfer needs to prepare its token inventory during a preceding business-day window.Participation is voluntary and limited to eligible DTC Participants. The launch scope registers select third-party wallets and includes transfer restrictions, so a weekend plan also depends on the receiving wallet being registered.DTCC token conversions run during weekday windows, while same-chain transfers between registered wallets operate 24/7.DTCC’s live product page lists 34 securities available to tokenize at launch. Eligible classes cover select Russell 1000 equities, exchange-traded funds and US Treasu...