Tokenization issuance was phase 1, utility is phase 2

Homepage > News > Finance > Tokenization issuance was phase 1, utility is phase 2 TL;DR: Tokenized assets are no longer being issued in controlled trials: they are being traded, used as collateral, and settled through institutional infrastructure, which is already live. DTCC has conducted production transactions using tokenized securities, the Eurosystem has launched central bank money settlement for tokenized assets, JPMorgan is operating tokenization infrastructure, which processes $7 billion+ per day, and on-chain data shows tokenized assets are increasingly being used rather than held. The next challenge is no longer proving that tokenization works but making the underlying infrastructure interoperable at scale. Key Takeaways DTCC is already processing real tokenized securities involving repo, collateral, margin, and more. Central bank infrastructure is longer hypothetical, with the Eurosystems’ Pontes service now live, while tokenized transactions can also settle in central bank money. Trading, collateral, settlement, and other types of transactions are happening today. Interoperability is the next bottleneck, as tokenized transactions remain fragmented across ledgers...