DTCC joins ERC3643 Association
20 March 2025 US
Image: pisan/stock.adobe.com
The Depository Trust & Clearing Corporation (DTCC) is joining the ERC3643 Association as a new member.
Initially created by Tokeny, the ERC3643 token standard is an open-source suite of smart contracts that enables the issuance, management, and transfer of permissioned tokens.
As a member, the post-trade market infrastructure will help to promote and advance the association’s token standard.
DTCC will add ERC3643 support to its ComposerX suite of platforms, including ComposerX Factory, a tokenisation engine that enables data management, and support issuances of the ERC3643 tokens.
Combining DTCC technology with the token standard will provide enhanced risk management, security, and compliance by automating the processing of tokenised securities globally, reducing operational complexities and costs, the firm says.
In addition, it is designed to provide robust data management, increased market liquidity, and advanced on-chain capabilities.
Commenting on the announcement, Nadine Chakar, global head of DTCC Digital Assets, says: “DTCC’s commitment to the open-source ERC3643 token standard aligns perfectly with our vision of creating a more efficient and secure financial market.
“Today’s announcement marks another milestone in our ongoing strategy to engage best-in-class technologies to build the next generation of financial market infrastructure.”
Luc Falempin, CEO of Tokeny, adds: “We are excited for DTCC to join the ERC3643 Association in order to actively contribute to advancing the standardization of on-chain finance.
“DTCC joining the ERC3643 Association will help shape a truly open and interconnected financial system, where every service connects, every asset moves seamlessly, and every silo disappears.”
Dennis O’Connell, president of the ERC3643 Association and strategic advisor to DTCC, comments that the announcement marks “a turning point for tokenisation”.
He continues: “As a member of the ERC3643 Association, DTCC will help lead the future of tokenisation and support institutional adoption at scale.”
Initially created by Tokeny, the ERC3643 token standard is an open-source suite of smart contracts that enables the issuance, management, and transfer of permissioned tokens.
As a member, the post-trade market infrastructure will help to promote and advance the association’s token standard.
DTCC will add ERC3643 support to its ComposerX suite of platforms, including ComposerX Factory, a tokenisation engine that enables data management, and support issuances of the ERC3643 tokens.
Combining DTCC technology with the token standard will provide enhanced risk management, security, and compliance by automating the processing of tokenised securities globally, reducing operational complexities and costs, the firm says.
In addition, it is designed to provide robust data management, increased market liquidity, and advanced on-chain capabilities.
Commenting on the announcement, Nadine Chakar, global head of DTCC Digital Assets, says: “DTCC’s commitment to the open-source ERC3643 token standard aligns perfectly with our vision of creating a more efficient and secure financial market.
“Today’s announcement marks another milestone in our ongoing strategy to engage best-in-class technologies to build the next generation of financial market infrastructure.”
Luc Falempin, CEO of Tokeny, adds: “We are excited for DTCC to join the ERC3643 Association in order to actively contribute to advancing the standardization of on-chain finance.
“DTCC joining the ERC3643 Association will help shape a truly open and interconnected financial system, where every service connects, every asset moves seamlessly, and every silo disappears.”
Dennis O’Connell, president of the ERC3643 Association and strategic advisor to DTCC, comments that the announcement marks “a turning point for tokenisation”.
He continues: “As a member of the ERC3643 Association, DTCC will help lead the future of tokenisation and support institutional adoption at scale.”
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