The Depository Trust & Clearing Corporation (DTCC) has officially joined the ERC3643 Association, reinforcing its commitment to the development of tokenized finance.
Tokenization with ERC3643
Developed by Tokeny, the ERC3643 standard facilitates the issuance, management, and transfer of permissioned tokens. DTCC plans to integrate ERC3643 into its ComposerX suite, including the ComposerX Factory.
Benefits of Integration for DTCC
This integration aims to improve risk management, data transparency, and market liquidity while reducing operational complexities and costs. It also seeks to accelerate settlement times and expand access to global investments.
Collaboration and Prospects
DTCC joins 99 other financial institutions in the ERC3643 Association with a collective goal to advance standardization and create a secure and compliant tokenization framework.
The collaboration between DTCC and the ERC3643 Association highlights the importance of building a more efficient and secure financial ecosystem.
