Zenith Foundation joins DTCC working group to explore tokenization of the $114 trillion U.S. securities market.
Regulation & Gov ·
Zenith Foundation has joined a Depository Trust & Clearing Corporation (DTCC) working group focused on tokenizing the U.S. securities market, which holds over 100 trillion dollars' worth of assets. The $114 trillion figure references the addressable scope of the market being examined for blockchain-based settlement and custody infrastructure.
DTCC serves as the post-trade utility underpinning U.S. securities markets, centralizing clearing, settlement, and custody across tens of trillions in assets annually. The institution's pivot toward tokenization involves experimenting with onchain rails through initiatives including permissioned networks and planned connectivity to public blockchains, with the goal of moving real-world assets and collateral from traditional book-entry systems to distributed ledgers. Wall Street firms including NYSE, Tradeweb, and major financial institutions are advancing this shift.
It remains unclear what specific mandate or timeline the working group has, whether Zenith's participation signals a particular technical or regulatory focus, or how quickly tokenized securities infrastructure might be deployed at scale. The broader industry momentum toward onchain settlement is evident, but the interoperability challenges between permissioned and public blockchains, regulatory approval pathways, and adoption barriers across market participants have not been fully resolved.