DTCC launches live tokenized securities trades on Wall Street

The Depository Trust & Clearing Corporation (DTCC) began a limited‑production tokenization trial on 15 July 2026, converting selected U.S. stocks, exchange‑traded funds and Treasury securities held at its Depository Trust Company into blockchain‑based tokens. The pilot involves roughly 30‑40 major financial firms, including JPMorgan, BlackRock, Goldman Sachs, Vanguard, CME Group, the New York Stock Exchange and Nasdaq, as well as technology providers such as Chainlink and Circle.

Trades were settled on Hyperledger Besu, the DTCC’s private AppChain, and the Canton public network, with some assets also using Stellar. The live transactions covered collateral pledges, repo and delivery‑versus‑payment settlements, margin and lending workflows, demonstrating that tokenized assets can operate within the existing market infrastructure while preserving legal ownership, dividend rights and governance.

The initiative is backed by a December 2025 SEC no‑action letter that provides regulatory certainty for tokenizing eligible securities. DTCC plans a broader commercial rollout in October 2026, positioning the service as a bridge between traditional finance and blockchain technology and promising faster settlement, reduced costs and greater liquidity for institutional markets.