BlackRock Joins DTCC's $114T Tokenization Push for Stocks and Treasurys
The pilot will test live blockchain transactions and aims to show tokenized assets can preserve liquidity and investor protections inside existing market infrastructure.
- On Wednesday, the Depository Trust and Clearing Corporation launched a tokenization pilot with more than 25 firms, including JPMorgan and BlackRock, testing digital versions of assets like the Invesco QQQ Trust ETF within existing clearing infrastructure.
- The DTCC, which safeguards about $114 trillion in assets, initiated this trial to bridge TradFi and DeFi, modernizing legacy infrastructure that processed $4.7 quadrillion in securities transactions last year.
- Participating firms are testing collateral, repo, and equity trades using tokenized Microsoft shares, Circle, State Street SPDR, and 0-3 Month Treasury Bond ETF, maintaining liquidity and investor protections within the current custody framework.
- Nadine Chakar, Global Head of DTCC Digital Assets, said the trial proves "the old and the new can live together," with the organization targeting a scalable operational launch this October.
- Stellar and the Canton Network will support the DTCC's multi-chain strategy by 2027, while the United Kingdom's Treasury advances a separate £33 billion tokenization initiative through its Wholesale Digital Markets Taskforce.
23 Articles
23 Articles
DTCC Begins Limited Tokenized-Asset Trades With JPMorgan, BlackRock and Goldman
The Depository Trust \& Clearing Corporation, which clears and settles the bulk of US securities trades, has moved into limited production trading of tokenized real-world assets, taking its long-planned blockchain project closer to a full commercial launch in October. JPMorgan, BlackRock and Goldman Sachs are among the participants, the Wall Street Journal first reported. The service lets securities held in custody be represented as tokens on a …
BlackRock joins DTCC's $114T tokenization push for stocks and Treasurys
BlackRock has joined a Depository Trust & Clearing Corporation pilot that has begun tokenizing stocks and U.S. Treasuries within a market infrastructure that safeguards about $114 trillion in assets. According to a Wall Street Journal report, BlackRock, JPMorgan, Goldman Sachs,…
For the first time, the DTCC is bringing actual securities held as tokens to the blockchain. Around 40 companies are testing the new infrastructure. Why this could change the RWA market. Source: BTC-ECHO BTC-ECHO
Depository Trust & Clearing Corp. plans to convert a batch of shares and Treasury bills into digital chips, has learned the Wall Street Journal.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
