On behalf of the Interchange team, I’m excited to announce that Interchange Clearing is among the Depository Trust Company (DTC) Participants preparing to access the DTCC Tokenization Service, which launched today.

Tokenization is becoming an increasingly important part of the evolution of securities markets. We intend to help build what comes next.

What This Enables

The DTCC Tokenization Service enables eligible DTC Participants to convert their security entitlements to eligible DTC-held securities and move them between traditional book-entry and tokenized forms, while retaining their ownership rights, investor protections and economic entitlements.

The practical opportunity is straightforward: enable assets to move more efficiently, support greater collateral mobility and connect traditional securities infrastructure with new pools of liquidity.

Built for What Comes Next

We built Interchange around a real-time system of record, with execution, clearing and custody on one platform and direct connectivity to DTC and NSCC. Participating in the DTCC Tokenization Service builds on that foundation.

For our correspondent clients, the underlying infrastructure determines what they can build for their customers. As securities markets evolve, we want those clients to have more capabilities available through Interchange.

We’re glad to be part of this next step alongside DTCC and the industry.

Michael H. Giles
Founder & CEO