According to CoinMeta, Ripple Prime is collaborating with over 50 companies to help shape the tokenization services for DTCC, which will be launched this month. The custodian subsidiary of DTCC holds and serves securities worth $114 trillion, making this initiative a core part of traditional finance. The service aims to list eligible securities on the blockchain to achieve faster settlement and more efficient collateral transfers. Limited production transactions were completed in July, paving the way for the launch planned for October.