Tokenizing $100T in Treasuries and equities without breaking the market, with Nadine Chakar

Nadine Chakar (DTCC) on why market infrastructure that safekeeps $100T+ can't afford a bad day — and what it takes to tokenize Treasuries and equities without breaking settlement. In this episode of 51 Insights, Marc Baumann speaks with Nadine Chakar, Managing Director and Global Head of DTCC Digital Assets, about July 15's live production tokenized Treasuries and equities, the October full launch, atomic settlement vs netting at quadrillion-dollar scale, technology-agnostic chains (Canton, AppChain/Besu, Chainlink, Stellar), Clarity Act timing, and what institutional DeFi actually needs to work. Note: Nadine says a quadrillion is 16 zeros — it's actually 15 on the US short scale (1,000,000,000,000,000 = 10¹⁵). Watch or listen to the full 51 Insights podcast: https://www.51insights.xyz CHAPTERS 00:00 Introduction 01:00 DTCC at $100T+ scale — four quadrillion in settlements 04:00 Why DTCC can't afford a bad day 07:00 July 15: live tokenized Treasuries and equities 11:00 Old rails and new rails living together 15:00 Mapping the stack: Canton, AppChain, Besu, Chainlink, Stellar 21:00 How many chains matter by 2030 25:00 Atomic settlement vs netting at market scale 29:00 Clarity Act and the October launch 33:00 Lightning round ABOUT NADINE CHAKAR Nadine Chakar is Managing Director and Global Head of DTCC Digital Assets, and a member of DTCC's Executive Committee. Previously CEO of Securrency (acquired by DTCC) and Head of State Street Digital / Global Markets. LINKS Nadine Chakar:   / nchakar   DTCC: https://www.dtcc.com DTCC bio: https://www.dtcc.com/about/leadership... 51 Insights: https://www.51insights.xyz Newsletter: https://join.fiftyone.xyz ABOUT 51 INSIGHTS 51 Insights provides institutional research and conversations on digital assets, AI, finance, and emerging technology.