BlackRock, Goldman, and JP Morgan Will Give Tokenized Stocks a Try
DECRYPT ·
DTCC is testing tokenized stocks and U.S. treasuries with nearly 40 financial firms. Participants include JPMorgan, Goldman Sachs, BlackRock, Vanguard, and the New York Stock Exchange. The pilot will test tokenized assets across existing post-trade infrastructure. The Depository Trust & Clearing Corporation, the clearinghouse that processes U.S. securities transactions, on Wednesday launched a pilot to test tokenized stocks and U.S. Treasuries with nearly 40 financial institutions. The initiative, first reported by The Wall Street Journal , includes JPMorgan Chase, Goldman Sachs, BlackRock, Vanguard, and the New York Stock Exchange. “Today is the beginning of a long journey where we will demonstrate that the old and the new can live together, [and] that the technology enables a lot of opportunities for our participants worldwide,” Nadine Chakar, global head of DTCC Digital Assets, said in a statement . “We’re going to prove the value of tokenization and hopefully build the foundation that would lead to a scalable launch come October.”
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