The Twin & the Wrapper | What DTCC's Tokenization Pilot Settles About Ownership
Wall Street's clearinghouse put shares and Treasurys on a blockchain this week with roughly forty firms — JPMorgan, Goldman Sachs and BlackRock among them. The pilot answers the question the offshore wrapper tokens never could — whether you actually own anything — and reveals tokenisation's arrival as a plumbing upgrade, not a way to widen access.
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