
Wall Street’s Tokenization Model Takes Shape
The Depository Trust & Clearing Corporation (DTCC) officially launched its tokenization service on October 28, integrating 20 major financial institutions including JPMorgan, Citi, and Fidelity. Operating on the Canton network and a private DTCC chain, the service aims to modernize settlement infrastructure with plans to expand to additional blockchains by 2027. Simultaneously, traditional transfer agents like Broadridge and Computershare are integrating on-chain proxy voting, signaling a shift toward digitizing corporate governance for nearly 99% of S&P 500 companies. While institutional infrastructure advances, the market faces friction as 50 issuers have formally objected to the OKX and ICE proposal for unauthorized stock tokenization. Market data reveals a strong demand for off-hours trading, with volume on chains like BNB and Solana frequently exceeding 60% outside standard market sessions. Despite this operational progress, tokenization-focused stocks like Securitize have underperformed compared to Bitcoin, highlighting a disconnect between infrastructure announcements and immediate revenue generation. Meanwhile, tokenized ETFs have surged to $687 million in value, with BNB Chain surpassing Ethereum as the leading host for these products.










