The Depository Trust & Clearing Corporation announced it will demonstrate an on-chain stock trading process this week.

Odaily Planet Daily News: The Depository Trust & Clearing Corporation (DTCC), a giant in the financial market infrastructure, plans to demonstrate a real-time stock trading process based on blockchain technology this Wednesday. It is reported that this technology can simplify the clearing, settlement, and record-keeping processes behind Wall Street stock trading, thereby improving the operational efficiency of the capital market. This test is seen as an important step for the traditional financial system in exploring on-chain securities infrastructure.

However, the initial scale of the project remains relatively limited. After years of research and development, as one of the largest securities clearing institutions in the United States, this demonstration by the DTCC is more of a validation exercise rather than a comprehensive push to migrate the stock market onto the blockchain.

Market participants believe that although tokenized securities and on-chain settlement are considered to have the potential to reduce costs and improve trading efficiency, the migration of traditional financial infrastructure to the blockchain still faces challenges such as regulation, compliance, system compatibility, and coordination among market participants.

This test marks that Wall Street is gradually moving from the proof-of-concept stage to the practical application stage, and it will also become an important case for observing whether institutional-grade blockchain infrastructure can be implemented on a large scale. (The Information)