DTCC joins ERC-3643 Association to advance tokenization

To promote the ERC-3643 Ethereum standard for authorized securities tokens, the deposit and compensation deposit, the main American compensation cabin for securities transactions, joined the ERC-3643 association.

THE announcementMade on March 20 in a press release, the growing commitment of DTCC with the blockchain -based financial solutions. ERC-3643, also known as the T-Rex protocol, is an open source intelligent contract standard designed for the issuance and management of authorized tokens.

It guarantees that only authorized users, even on public blockchains, can contain these assets using a decentralized identity framework. More than 40 tokens have been developed and managed using the standard, which was used for Tokensize $ 28 billion in active in more than 180 jurisdictions.

ERC-3643 will be integrated into the DTCC composerxtm platform, which includes composerx factory, a tokenization engine to manage financial data. This integration aims to improve risk management, security and compliance in digital asset markets while reducing operational costs and complexity.

In addition, by connecting active worlds to a larger range of market participants, automated procedures for the ERC-3643 should improve liquidity, speed up regulations and increase transparency.

“The commitment of the DTCC to the ERC3643 Open Source token standard is perfectly aligned with our vision of creating a more efficient and secure financial market.”

– Nadine Chakar, global manager of DTCC digital assets

In 2023, DTCC treated $ 3 quadrillion of transactions in securities and held 85 billions of dollars in assets in more than 150 countries. He was essay Blockchain applications, such as the tokenization of private assets tokenized on an avalanche (Avax) US cash subnet subnet and tokenized on the canton network.

THE support DTCC indicates that American regulators are becoming more and more receptive to blockchain -based finances. In a related development, the ComboDity Futures Trading Commission also explored blockchain requests.

To discuss the launch of its pilot program for digital asset markets, it announcement On February 7, he would organize a CEO forum with eminent industry leaders such as Circle (USDC), Coinbase, Crypto.com, Moonpay and Ripple (Xrp). Stablecoins and other non -monetary tokenized guarantees must be tested as part of the initiative.