Mirae Asset joins first users of DTCC tokenization service

Mirae Asset Securities' New York branch signed an agreement to use DTCC's DTS tokenization service. The first 20 participants include JPMorgan, Morgan Stanley, Bank of America, Citi and Fidelity. DTS converts rights to securities held at DTC into blockchain tokens while preserving investor protections.

• DTS launched by DTC on October 28 and runs on Canton Network and a private Besu network
• The service allows free conversion between conventional and tokenized securities
• DTC holds more than $114 trillion in deposited assets
• Mirae Asset took part in DTCC's digital assets working group