DTCC, Clearstream, and Euroclear, in collaboration with Boston Consulting Group, have released a white paper calling for the resolution of interoperability challenges in the DeFi space through data standardization and process coordination, and to prevent DLT network fragmentation. The white paper points out that a lack of interoperability can lead to assets being trapped in isolated pools of funds, high operational costs, increased regulatory risks, and hinder the potential of digital asset securities. The white paper emphasizes tokenization and stablecoins as key areas and urges industry participants to develop common standards around data, processes, and role definitions to connect traditional finance and decentralized finance.