The Depository Trust & Clearing Corporation, the backbone of U.S. securities settlement, has moved beyond pilots into live production trades for tokenized stocks and Treasuries, according to the Wall Street Journal. The initiative brings major Wall Street institutions including JPMorgan, BlackRock, and Goldman Sachs into blockchain-based asset settlement. JPMorgan will tokenize a portion of its Invesco QQQ Trust holdings custodied at DTCC, while shares of Microsoft, Circle, and the SPY exchange-traded fund are also slated for tokenization. The effort represents a significant step in integrating traditional financial assets with distributed ledger technology at institutional scale. By involving central market infrastructure and leading asset managers, the trades could accelerate broader adoption of tokenization across regulated markets. The development signals growing confidence among established financial players in blockchain settlement systems for mainstream securities.
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