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DTCC Goes Live, SoFi's $25B Stablecoin Card & the $346M Collateral Gap
Audio is available on Spreaker — see link below.
Institutional tokenization hit production scale this week as DTCC cleared Treasury trades and targets an October launch, SoFi migrated its entire card program to stablecoin settlement processing $25B annually, and Broadridge's repo platform hit $8T in a single month. If you track where blockchain infrastructure is actually landing inside traditional finance, this is the episode.
Audio is available on Spreaker — see link below.
Three hundred and forty-six million dollars. That's what a single Tier 1 bank loses every year to idle collateral sitting locked in fragmented custody systems, missing intraday settlement windows it can't reach.
The clearest proof of that shift is the DTCC. It completed production trades for Treasury tokenization this week and is targeting an October launch for its tokenization service.
While the DTCC prepares its October rollout, SoFi has already crossed the live threshold in a different part of the stack. SoFi Bank migrated its entire debit and credit card program to stablecoin settlement using SoFiUSD, running on the Mastercard network.
Broadridge adds another data point. Its blockchain-based repo platform processed eight trillion dollars in July alone, with a daily average volume of three hundred and sixty-five billion dollars.
One story cuts in a different direction. India's insurance regulator, IRDAI, has published a consultation paper proposing to cut life insurance commissions from fifty-one percent down to between twenty-five and thirty percent.
The near-term watchpoints are clear. DTCC's October launch is the single biggest confirmation event for institutional tokenization this year.
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