The Depository Trust & Clearing Corporation (DTCC)

Earlier this month, tokenization became a reality. More than 30 firms across traditional finance and digital markets participated as we successfully processed U.S. trades using DTC-tokenized assets. The initiative highlighted the power of interoperability and marked a key milestone as we prepare for the launch of the DTCC Tokenization Service later this year. See what happened on July 15: https://brnw.ch/21x4z1N

Laura Klimpel shares a clear message: As the Treasury clearing deadline approaches, the focus has shifted from planning to execution. In her latest blog, she explores what DTCC's survey data tells us about industry readiness and what firms should prioritize in the final phase. Key themes include: - Strong progress on operational readiness - Active onboarding across the market - A clear shift to execution at scale The foundation is in place. Now the focus is on delivering. Read Laura's perspective now:

One day, five cities, one global team. 🗺️ From presenting to stakeholders in Boston to a walk around the pond in Tampa, DTCC interns are not just observing our work, they're doing it alongside us. Today, we're celebrating the curiosity, energy and fresh thinking interns bring to our teams. Happy National Intern Day! #TeamDTCC

For many APAC firms with MiFID reporting requirements, the challenge is operating and managing their reporting as a controlled, end-to-end process. At the same time, they’re navigating increasing operational complexity driven by parallel global regulatory changes. DTCC’s Michele Hillery shares her insights on how firms are adapting with FOW: https://brnw.ch/21x4xGC

In just a few weeks, DTCC will be on the ground at Sibos in Miami, joining clients, partners and industry leaders for conversations shaping the future of financial markets. Throughout the week, DTCC leaders and subject matter experts will also be engaging in conversations across key industry themes including tokenization, digital assets, the convergence of TradFi and DeFi, and real-world applications of AI. Gloria Lio, Adam Watson and Thomas Sullivan will each take the stage to share DTCC’s perspectives on AI in capital markets, the future of corporate actions and the evolution of settlement infrastructure. Visit us at stand K009 to meet the team, continue the conversation and explore how DTCC solutions can help you stay ahead of what’s coming. Learn more: https://brnw.ch/21x4wmW

The next phase of market evolution will require close collaboration to build a more open and interoperable market ecosystem.   Thank you to Nasdaq for sharing its perspective on the July 15 tokenization event and the role trusted market infrastructure can play in connecting traditional and digital markets.

Are you a current undergraduate looking to kick-start your career next year? Tune in to our early-career webinars on August 4 and August 5 to learn more about our summer 2027 internship and full-time programs. Designed for rising juniors and seniors, this is a no pressure opportunity to learn, ask questions, and start building connections early. 📅 Choose a session that works for you: 👉 August 4 at 11:00 AM (ET). Register here: https://brnw.ch/21x4uoW 👉 August 5 at 3:00 PM (ET). Register here: https://brnw.ch/21x4uoV

With the December 2026 deadline approaching, industry readiness is no longer theoretical, it’s measurable. DTCC’s latest survey of FICC GSD Netting Members (92% response rate) shows clear momentum: - $1.2T+ in Treasury cash activity already centrally cleared - 79% of firms ready with account setups in place - Nearly all remaining firms actively onboarding What does this signal? The shift from planning to execution is well underway. The foundation is strong but the final phase will be the most critical for firms across the market. Read the full report: https://brnw.ch/21x4sEq

24/7. It's the date. It's also the job. Today marks International Security Officers' Day, and the timing says it all: our officers show up for us around the clock. Behind the scenes and often without notice they keep our people, facilities and operations safe across every site, delivering service with integrity. To our Global Security Management Officers around the globe: thank you for the pride, care and consistency you bring every day. Your dedication does not go unnoticed.

On July 15, DTCC turned tokenization into reality.    In today’s edition, we look at the successful production initiative that processed U.S. trades using DTC-tokenized assets. Nadine Chakar provides insight on this monumental milestone, Rebecca Ashton prepares for what’s next in post-trade, Oliver Williams discusses the future of trade reporting and more.