DTCC aiming to make all 1.4 million securities in its custody digitally eligible

DTCC (Depository Trust & Clearing Corporation) has announced a plan to eliminate all 1.4 million securities in its custody for digital eligibility. This initiative is expected to redefine the boundaries of tokenization in the capital markets. Brian Steele from DTCC suggested that this move could significantly alter the existing financial infrastructure, eliminating the manual processes currently involved, which incur time and costs. By going digital, the automation of these processes could dramatically improve efficiency, thus enhancing liquidity and reducing trading costs for investors. Moreover, technological advancements combined with DLT (Distributed Ledger Technology) could lead to the creation of new financial products. If DTCC's initiative is successful, it could transform the structure of the capital markets and facilitate the generalization of digital assets trading. However, technological challenges and regulatory frameworks remain obstacles to overcome. For investors, the progress of this project will significantly affect market trends, warranting careful observation.