DTCC Readies $100T of Stocks to Go Onchain

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Dec 22, 2025

Guest

Nadine Chakar

Nadine Chakar, Global Head of DTCC Digital Assets, leads discussions on the groundbreaking news of DTCC's authorization to tokenize the top 1,000 US stocks. Marieke Flament, a seasoned investor and former Circle CMO, explores the implications of real legal rights versus synthetic wrappers in the tokenization space. Chuck Okpalugo offers insights on stablecoin settlement benefits and the emergence of branded stablecoins. Together, they dissect the intersection of traditional finance and innovative blockchain technologies, paving the way for a new era in capital markets.

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ADVICE

Preserve Legal Control When Tokenizing

Use regulated depositories to maintain 'good control location' and governance when tokenizing assets.
Ensure tokenization preserves corporate actions, investor protection, and data privacy instead of using synthetic wrappers.

INSIGHT

Great Collateral Experiment Proved Feasibility

DTCC demonstrated combining crypto and traditional assets in the 'Great Collateral Experiment' to prove technology readiness.
They used a 'compliance aware token' to ensure identities and regulatory checks on-chain.

ADVICE

Build An Orchestration Layer

Plan for multi-chain support and an orchestration layer to move tokens across chains while preserving legal records.
Demand chains satisfy regulatory, transparency, and provenance requirements before integration.

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On Ep. 62 of Tokenized, Simon Taylor, Head of Market Development @ Tempo is joined by Marieke Flament, 2x CEO, Angel Investor, Advisor, Co-Author of Euro Stable Watch, Chuk Okpalugo, Founder @ Stablecoin Blueprint and Nadine Chakar, Global Head of DTCC Digital Assets to discuss DTCC being authorized to tokenize top 1000 US stocks, the importance of tokenizing real legal rights vs. synthetic wrappers and more!

Timestamps:

00:00 Introduction
03:49 DTCC authorized to tokenize top 1000 US stocks
08:01 Importance of tokenizing real legal rights vs. synthetic wrappers
20:06 Visa's stablecoin settlement for US banks using USDC on Solana
23:05 Domestic use case and liquidity benefits of stablecoin rails
26:03 SoFi and Coinbase launching stablecoin-as-a-service offerings
28:35 Commoditization of stablecoin issuance and future interoperability needs
35:52 JP Morgan launches tokenized money market fund on Ethereum
41:25 FDIC proposed stablecoin application framework for insured banks
46:21 PayPal launches PYUSD savings vault on DeFi for yield

Tokenized is sponsored by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

Tokenized is presented by Bridge, a Stripe company.

Just like the internet made information global, stablecoins are making money global. And Bridge, a Stripe company, is the infrastructure powering that shift. Built for speed, scale, and simplicity, Bridge helps businesses send, store, convert, and spend stablecoins instantly, all without borders or having to navigate the complexities of crypto. Learn more at bridge.xyz

Tokenized is also presented by Centrifuge

With over $1 billion in total value locked, Centrifuge works with major institutional partners to tokenize and distribute their funds — and with capital allocators onchain to invest and manage yield. Through every crypto cycle, Centrifuge has been building — and today, it’s the market leader in tokenizing real-world assets. Learn more at centrifuge.io

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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

Music by Henry McLean