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Banks have been advocating for creating 'tokenised' versions of assets like bonds and currencies using blockchain, but progress has been slower than anticipated. Despite the promise of improved efficiency and faster trades, challenges such as network fragmentation and cautious investors are hindering rapid adoption. ....
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DTCC to buy Securrency as asset tokenization rises on Wall Street americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
As tokenization gains popularity in the crypto industry, clearing house DTCC marked its presence in the acquisition space with the purchase of Securrency to gain a strong foothold for providing enhanced services to investors. ....