DTCC has launched a tokenization service covering 34 securities, supporting 1:1 on-chain mapping, compliance controls, and 24/7 peer-to-peer transfers. Meanwhile, 33 companies including JPMorgan and AMD oppose OKXICE stock tokenization, highlighting rising resistance from traditional finance.
DTCC, a core U.S. securities depository and settlement institution, has officially launched a tokenization service covering 34 securities in the first batch and supporting 1:1 on-chain mapping, compliance controls, and 24/7 peer-to-peer transfers. The service is regarded as an important milestone in the RWA and financial infrastructure sectors. At the same time, stock tokenization platform OKXICE faces opposition from more listed companies, with the total number of opposing companies rising to 33, including JPMorgan and AMD, indicating rising resistance from traditional finance to on-chain stock tokenization. Securities tokenization is advancing amid infrastructure implementation and market controversy.
DTCC Tokenization Service Officially Launched
As a core U.S. securities depository and settlement institution, DTCC has launched its tokenization service, initially covering 34 securities. According to the source material, the service supports 1:1 on-chain mapping, meaning a one-to-one correspondence is established between on-chain tokens and the underlying securities. This arrangement is a key step for securities tokenization to move from concept to actual infrastructure operation and provides the RWA sector with an observation sample closer to the traditional securities settlement system. The initial coverage of 34 securities shows that the service has entered the mapping stage for specific securities rather than remaining at technical testing or proof-of-concept level.
Compliance Controls and 24/7 Transfers Draw Attention
Unlike simply issuing on-chain tokens, DTCC's service emphasizes compliance controls and supports 24/7 peer-to-peer transfers. Compliance controls mean that tokenized securities still need to meet relevant regulatory and risk control requirements when circulating on-chain; 24/7 peer-to-peer transfers point to continuous transfer capability beyond traditional settlement time limits. Combined, the two give the service both the compliance attributes of financial infrastructure and the timeliness characteristics of on-chain transfers. For RWA and securities tokenization, how to achieve on-chain mapping and continuous transfers within a compliance framework is one of the core issues of market attention.
Significance for RWA Infrastructure Becomes More Apparent
For RWA, the key to securities tokenization is not only moving assets on-chain but establishing verifiable mapping relationships, executable compliance controls, and continuously operable transfer mechanisms. The source material calls DTCC's launch an important milestone for RWA and financial infrastructure, also because it covers the first batch of 34 securities and places 1:1 on-chain mapping, compliance controls, and 24/7 peer-to-peer transfers within the same service framework. If these mechanisms can operate stably, securities tokenization will shift from isolated trials to normalized arrangements at the infrastructure level.
OKXICE Stock Tokenization Opposed by 33 Companies
While DTCC advances its tokenization service, stock tokenization platform OKXICE is encountering resistance from traditional institutions. According to the source material, 33 companies including JPMorgan and AMD oppose OKXICE's stock tokenization, with the total number of opposing companies rising to 33. The opposition reflects regulatory and market conflicts between traditional finance and on-chain tokenization. Unlike DTCC's identity as a core securities depository and settlement institution, the controversy surrounding OKXICE is concentrated at the trading level of a stock tokenization platform and involves listed companies' attitudes toward stock tokenization. The increase in the number of opposing companies shows that the resistance faced by stock tokenization during implementation is not an isolated case.
Boundaries of Securities Tokenization Implementation Become a Focus
Based on the source material, securities tokenization is being tested by the market along two paths: first, DTCC launches a tokenization service as financial infrastructure, with the first batch of 34 securities supporting 1:1 on-chain mapping and equipped with compliance controls and 24/7 peer-to-peer transfers; second, stock tokenization platform OKXICE faces opposition from 33 companies, and resistance from traditional finance is rising. Both paths point to the implementation boundaries of securities tokenization, including underlying asset mapping, compliance controls, transfer mechanisms, and the rights and responsibilities between listed companies and trading platforms. DTCC's progress provides practice at the infrastructure level, while the OKXICE controversy shows the traditional institutional resistance that third-party platforms may face when advancing stock tokenization.
Areas to Watch
Going forward, the market can watch the operation of DTCC's tokenization service for the first batch of 34 securities, the execution effects of 1:1 on-chain mapping, the specific arrangements for compliance controls, and the actual performance of the 24/7 peer-to-peer transfer mechanism. At the same time, whether the number of opposing companies in the OKXICE stock tokenization controversy continues to increase, the subsequent attitudes of traditional financial institutions, and related regulatory and market reactions will also affect the pace of securities tokenization. These developments will provide more observable samples for RWA and financial infrastructure tokenization.