PANews reported on May 5th that, according to ETHNews, Ripple Prime has joined the tokenization pilot working group of the Depository Trust and Clearing Corporation (DTCC) in the United States. Other participating institutions include BlackRock, JPMorgan Chase, HSBC, Anchorage Digital, Bank of America, and BitGo Bank.
The report states that the working group aims to promote the development of infrastructure and industry standards related to tokenized securities, covering different market roles such as custodians, asset management companies, brokers, trading venues, application providers, and back-office service providers.
DTCC previously stated its plan to initiate limited production trading of tokenized assets in July 2026 and fully commercialize the service in October 2026. This plan will support tokenization services for assets such as major index ETFs, Russell 1000 index constituents, and US Treasury bonds.
