Based in London, Michael Summerhayes brings more than 25 years of securities lending experience, with a background spanning operations, collateral management, and trading
The initiative will connect the DTCC Tokenization Service to Solana's L1 network, supporting the conversion of eligible traditional assets into tokenised form and related token lifecycle functionality
The DMO says it intends to cancel any additional stock created under the operation once it is returned, although it will make a further announcement where relevant
The addition of USDM1 expands the range of assets available through Membrane's platform for collateralised financing, alongside stablecoins and tokenised fund interests