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DTCC launches tokenization service with Canton and Ondo, but benefits for coins remain unclear.

Market News
29 Oct 2026, 05:57 WIB
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DTCC launches tokenization service with Canton and Ondo, but benefits for coins remain unclear.

DTCC, backed by major banks like JPMorgan and Bank of America, launched a tokenization service on October 28, 2026, involving Canton Coin and Ondo as partners. The service tokenizes 34 securities, allowing investors to hold digital versions with the same rights as traditional ones. However, neither Canton Coin nor Ondo is required for transactions, limiting direct demand impact. Canton Coin has a slight edge due to its integration in the fee system, but overall, the main beneficiaries are the companies involved, not the coins themselves. Expansion plans for 2027 could further affect the dynamics between these tokens.

The DTCC tokenization launch involving Canton Coin and Ondo offers context for market activity. For readers following US stocks on Pluang as of Oct 29, 2026 07:02 WIB: out of 150 priced stocks, 84 rose and 66 fell. Among notable movers, EBAY gained 4.68% with a Pluang order activity skewed 67% Sell, while UMC declined 4.22% despite a majority 54% Buy interest, contrasting with FIRY's 4.18% rise and a short typical hold time of 14 days.

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