DTCC and Euroclear are joining forces to create a unified ledger system aimed at facilitating the tokenization of both traditional and digital assets. Speaking at SmartCon, DTCC's Dan Doney and Euroclear's Jorgen Ouaknine highlighted the shift from isolated blockchain pilots to a focus on interoperability. Euroclear, which manages 42 trillion euros in assets, seeks to enhance asset management efficiency, while DTCC plans to tokenize approximately 10 trillion dollars in assets, aiming for T+0 settlement efficiency. The collaboration involves developing a 'ledger of ledgers' framework to enable cross-chain and cross-jurisdictional connectivity. Additionally, DTCC and Euroclear are working with Clearstream and Chainlink to establish digital asset security principles and risk mitigation frameworks. The executives noted that regulatory clarity is boosting institutional blockchain adoption, particularly in the U.S. and Europe, where CBDCs, stablecoins, and tokenized securities are gaining traction.