Hashkey Becomes First Asian Crypto Service Provider in DTCC Working Group
- Hashkey joins the Depository Trust & Clearing Corporation’s (DTCC) Digital Assets Advisory Services Industry Working Group as its first Asian digital asset service provider.
- The working group includes over 100 global financial institutions, such as JPMorgan Chase and Goldman Sachs.
- DTCC plans to launch access to tokenized securities in October, aiming to bridge traditional finance with DeFi infrastructure.
- DTCC currently custodies $114 trillion in liquid assets, including stocks and exchange-traded funds.
- In December, the SEC issued a “no action” letter allowing a DTCC subsidiary to offer a new securities market tokenization service.
Hashkey’s participation marks a significant step for Asian digital asset services within a major U.S.-based financial framework. The collaboration aims to enhance how tokenized assets are managed at an institutional level, reflecting the growing integration of traditional finance with DeFi.
With DTCC managing $114 trillion in assets, Hashkey’s involvement could influence future developments in the tokenization of securities and broader market practices.(Source)
