DTCC: Tokenization Trial With JPMorgan BlackRock
DTCC tokenization pilot securities history advances as nearly 40 firms including JPMorgan, BlackRock and Goldman Sachs test digital tokens for Microsoft shares and Treasurys with October launch.
SourceAnalysis
DTCC plans to convert shares of Microsoft, Circle, Invesco QQQ and Treasury ETFs into digital tokens Wednesday in a trial run involving nearly 40 firms from JPMorgan and Goldman Sachs to BlackRock, Vanguard and the New York Stock Exchange. The assets sit at DTCC subsidiaries that have handled securities settlement since 1973. The formal DTCC tokenization program begins in October.
Evan
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