The DTCC Is Hiding The Truth About The $114 Trillion System

Hey, it's Kamilah Stevenson, and around here we talk wealth. Listen, this month the institution that finalizes almost every stock and bond trade in America started putting real assets on a blockchain. Now everyone is reporting this headline, but almost nobody is telling you what it changes for the person actually holding something. Now before we get into it, do me a favor. In the comments, type the words Canton. That's C-A-N-T-O-N. If this is the first time that you're hearing that name. I want to see how many of you know what it is, and I want to take a moment to cover that. But first, I do want to say this is not financial advice to you. This is only being said because it's educational. So, um, this channel is about education, not financial advice. And I want you to know this before I get started, that it's only for educational and entertainment purposes. Hopefully you are being entertained through the education. Now let's start with the thing itself. When you buy a share of, let's say, Amazon in your app, Uh, it looks like the trade is instant, but it's not yet finished. There's a second step that nobody ever sees where someone officially records that you own it and the seller got paid and then locks it in so that it cannot be undone. That step is called settlement. And in America, it runs through one institution, and that is the DTCC. Now, the DTCC holds custody of over $114 trillion in assets., and it also finalizes quadrillions in trades every single year. And that is a huge amount of money. So in essence, it's the most important company in American finance. Now, this month it begins moving real assets onto the blockchain rails, not a test. They have live trades using real stocks from the largest 1,000 American companies, major funds, US Treasuries, which means government debt in and of itself is going on chain. Now, let me be honest about the part that I guess, you know, it gets hyped, and I don't want to hype you with information. All right. I want you standing on a very solid ground, and I can't overstress this. This launch is not running on the XRP Ledger. DTCC is building it on a network called Canton that is a permissioned institution-focused chain. A second chain, Stellar, connects in the first half of next year. Okay, and they've already mentioned that earlier this year. XRP's Ledger is not announced on that list. Okay, so, um, here is what is true and is still significant. Ripple, the company, is already inside of that system. It spent $1.25 billion buying a prime broker and then renamed it Ripple Prime. And in March, it appeared in DTCC's own clearing directory with real credentials sitting in the same registry as the biggest firms on Wall Street. 2 years after being sued by the government, Ripple now has a seat inside of that plumbing. All right, that is documented. You can go look for yourself. And DTCC has said very openly that this will be a multi-chain system, that more networks are coming, and it has not published its full list. So the honest position is this: the door is open, but it's not finalized yet. And if it ever is, I'll tell you when that day changes. Now, what does it mean for you and your money? Because that's the only question that really matters. Well, let me show you what is exactly being replaced, because once you see it, you're going to understand the whole game. And that's what I want you to have, is understanding. And all of this underneath every cross-border payment in the world sits a system called correspondent banking. I will continue to say that because that's the point of all of this. And what it means is there's no direct pipe from a bank in Chicago to a bank in Singapore. So the money hops, it travels through a chain of banks that hold accounts with one another, each one passing it along and each one taking a fee. And of course, they only work during business hours. Okay, so there's some friction, there's some limitations, there's a glass ceiling around that.. And to keep the chain functioning, banks have to park enormous amounts of money in accounts all over the world, sitting frozen, doing absolutely nothing, just in case a payment needs to pass through. So that is the old system. It's slow, it's expensive, and it locks up trillions in idle capital. And it is still what finalizes money today, even in a world of instant apps. Okay, the traditional system is still being ran. So when you hear institutions are moving onto blockchain, understand what the real prize is. It is not faster messages. It is killing that chain, right? Moving value directly, instantly between any two currencies without pre-parking cash all over the earth. And here's where it touches what you hold. Once you have thousands of different tokenized things—stocks, bonds, dollars, euros—all sitting on different systems, they still have to trade each other. Something has to move value between them in seconds without any pre-funding accounts everywhere. That in-between job is the largest unsolved problem in this new system. It is the exact job a neutral bridge asset was designed to do. And every institution that goes on chain makes the need bigger and not smaller. Now let me hand you something that you can actually use because these headlines are going to keep coming and you need to read them for yourself. Every time a major institution announces a blockchain move, Ask yourself these 3 questions. What layer are they upgrading? Meaning, is this just messaging and coordination or is this real final settlement? Is it open or is it a closed club? Meaning, can anyone use it or only their members? And does it solve the hard problem? Meaning, moving value between currencies without trapped pre-funded money. Almost every announcement you will see fails the third test. They upgrade coordination inside a closed group of institutions they already trust and leave the hardest problem completely untouched. Run that filter and you will never be fooled by a headline again. You will read what actually happened while everyone else reacts to what the headline has said. That's the difference between consuming news about a system being built and understanding where the gaps are that still need filling. One is entertainment, the other is positioning. Everyone watching this story is asking, did XRP win? That is the wrong question, and it keeps you a spectator waiting for permission to feel good about what you own. The better question is, is the world building the conditions where a neutral settlement asset becomes necessary? Because if it is, that plays out over years, not tweets. And your job is not to be excited. Your job is to already be there before it is obvious to everyone else. And if you're building a position over that kind of timeline, understand that the container that you hold it in will decide how much of it you're gonna actually keep. So don't negate this understanding. Most people never think about this. They obsess over the entry price and completely ignore the exit. And then years later, they're gonna discover a large piece of the reward was never theirs. It was always going to be taken out at the end. And because of understanding this very concept, I do hold a portion of my long-term XRP inside of a Roth IRA through iTrustCapital. And this is where digital assets and metal, and they're adding stocks and ETFs. They may have them already if you're watching this video, but they're adding that in the same place. And there is a qualified growth that will come out on the other side where it is all yours and you do not have to pay anything back in taxes. All right. So if you want to open an account, um, they are gifting you with a $100 free funding bonus. If you use the link in the description, you can also contact them if you're a phone person. And I do put the phone number in the description. Uh, if you have any questions, just let them know that you come from my community so that they can give you that free $100 funding bonus. And if you do want to look at your own setup and see whether you're actually positioned for a build that takes years. And if you're positioned right, if you're structured right, if you have the right allocations, if you need to rebalance your portfolio and you need to get clear on exactly where you're headed and what you need to do for your financial freedom, that is what my clarity calls are for. The link is in the description for that. I do want you to understand that there is a system being turned on and Ripple is inside of that system. The chain question is still very open. And I won't pretend that it's not open. But what I would encourage you to do is stop asking whether the news was good and start asking whether you are positioned for what it makes necessary. The major thing you want to do is be inside of this entire system when it does wake up. And, uh, that could be suddenly, it could be slow until it's not slow anymore. And I tell you If you're waiting on permission to get positioned, you are going to be late, my friend, to the party. But as for me and my household, we will still accumulate and be positioned for what is to take place in this wealth transfer. And I want you to be on the right side of that as well. I'm going to continue to let you know that because I care about you and I really want you to have prosperity for your future. So position yourself and get the right structure. And as always, I want you to stay wise, stay wealthy, and I'll see you in the next video.