TLDR Tech / Crypto
DTCC Plans July Pilot for Tokenized Securities With BlackRock, Circle
DTCC, which custodies $114 trillion in liquid assets, plans to launch a tokenized securities platform with pilot trading beginning July and full service in October. More than 50 TradFi and DeFi firms are participating, including BlackRock, Circle, and Fireblocks. The full-service platform will tokenize ETFs, Treasury securities, and Russell 1000 stocks using blockchain-based ownership records. As the central clearing infrastructure for US equity markets, DTCC's entry could extend onchain settlement to the full domestic equity and fixed-income complex at institutional scale.
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