Crypto
JPMorgan (JPM), BlackRock (BLK) and Goldman (GS) to tokenize stocks and Treasuries, WSJ reports; assets set to tokenize in Wednesday's process include shares of Microsoft (MSFT), Circle Internet Groupa (CRCL), Invesco QQQ Trust (QQQ)
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JPMorgan, BlackRock, and Goldman Sachs are participating in a DTCC trial to tokenize liquid assets like MSFT and Treasuries, aiming for a faster, blockchain-based settlement infrastructure by October 2026.
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The Depository Trust & Clearing plans to convert a batch of shares and Treasurys into digital tokens. Almost 40 financial firms and tech providers will take part in a trial run to tokenize securities that Wall Street firms keep at DTCC. The tokens will be stored at the clearinghouse on the blockchain, the digital ledger technology that underpins cryptocurrencies and other digital assets, and made available for trade
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