Provable Markets Joins DTCC Industry Working Group to Advance DTC Tokenization Service
June 2026
Provable Markets has joined the DTCC Industry Working Group for DTC’s tokenization service — 50+ custodians, broker-dealers, asset managers, and trading venues working through the operational and technical workflows the service will run on.
As tokenized assets gain momentum, participants of every perspective have a stake in shaping the infrastructure and workflows around them — preserving what already works in existing market structure, finding where tokenization genuinely enhances it, and keeping both inside the rigorous framework the U.S. capital markets operate under. We joined because this is where those standards take shape, in coordination with the center of the U.S. market — DTC. That is the layer we operate in.
For the securities finance market, the practical implications are meaningful. Settlement on a T+1 cycle requires participants to hold excess collateral as a timing buffer; atomic settlement changes that calculus. Bilateral agreements that today depend on proprietary connectivity and manual lifecycle steps could operate more efficiently if the underlying assets carry programmable, chain-native properties. DTC's tokenization service creates the regulated infrastructure context in which those improvements become operationally viable.
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Since 2021, Provable Markets has served as a foundational infrastructure layer for market participants to manage Securities Finance workflows end to end.
PM's technology stack is designed to interact with tokenized securities and collateral within the same securities finance infrastructure — DTCC/NSCC clearing, counterparty connectivity, and lifecycle management — that clients use today. The goal is continuity: as DTC-custodied assets become available in tokenized form, PM's clients should be able to incorporate them into existing borrowing, lending, and collateral workflows without a separate integration project.
The interconnectivity Provable Markets has built across clearing, data, and OMS infrastructure positions PM to extend its current role as market structure shifts, rather than requiring participants to stand up parallel systems.
Looking Ahead
Provable Markets' participation in the working group is an extension of how we approach infrastructure development broadly: building systems that are designed to adapt as market structure evolves. Whether tokenization reshapes how collateral moves at scale or finds its footing more gradually, PM's role is to ensure our clients have the connectivity and workflow infrastructure to participate on their terms — without waiting on custom development or point-in-time integrations.
For more information on Provable Markets' participation in the DTCC Industry Working Group, contact sales@provablemarkets.com.
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About Provable Markets
Provable Markets is a New York-based FINRA member broker-dealer and operator of an SEC-registered Alternative Trading System for the securities finance market. PM provides OMS and ATS capabilities supporting trading, automation, and lifecycle management. Provable Markets has served as an Approved SFT Submitter to DTCC's SFT Clearing Service since 2021.
Visit provablemarkets.com or contact sales@provablemarkets.com.