In short
- DTCC is testing tokenized stocks and US assets with approximately 40 financial institutions.
- Participants include JPMorgan, Goldman Sachs, BlackRock, Vanguard, and the New York Stock Exchange.
- The operator will test the tokenized goods on the available devices after the sale.
The Depository Trust & Clearing Corporation, a depository that operates securities in the US, on Wednesday launched a pilot to test tokenized stocks with the US Treasury holding about 40 financial institutions.
The beginning, the first report in The Wall Street Journalthey include JPMorgan Chase, Goldman Sachs, BlackRock, Vanguard, and the New York Stock Exchange.
“Today is the beginning of a long journey where we will show that the old and the new can coexist, (and) that technology offers many opportunities for participants around the world,” Nadine Chakar, global director of DTCC Digital Assets, said. words. “We are showing the importance of tokenization and we believe that we will build the foundation that will lead to a radical launch in October.”
Formed in 1999 through the merger of the Depository Trust Company and the National Securities Clearing Corporation, DTCC has become the backbone of the US securities markets. $4.7 billion in security operations in 2025.
The new test project will test the types of blockchain teams, currency exchange, and US assets held at DTCC across collateral management, repo transactions, margins, and asset transfers. The DTCC said the project was designed to demonstrate how the high-value product can be used in existing markets before a large-scale rollout later this year.
Tokenization refers to the process of creating a form of blockchain real wealthincluding stocks, bonds, US stocks, stocks, and real estate.
Although digital assets containing tokens can be traded on cryptocurrency exchanges and used, they do not provide legal ownership of the asset.
Interest in global assets has grown exponentially over the past year as financial institutions expand blockchain solutions.
In May 2025, virtual reality protocols were surpassed $10 billion in the total value of the locks. The adoption of tokenized assets has only grown since then. Earlier this month, trading platform and cryptocurrency Robinhood was launched Robinhood ChainAn Ethereum layer-2 network designed for stocks, ETFs and other real-world assets.
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