finance
JPMorgan, BlackRock, Goldman Sachs join DTCC tokenization pilot
The three firms are among 50 participants in a Depository Trust and Clearing Corporation project testing digital versions of major U.S. equities and government debt. The Wall Street Journal reported the development.
Jul 15, 11:57 AM·1m read1 source
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The project includes 50 firms and focuses on converting traditional securities into digital tokens for settlement and record-keeping.
Pilot scope The Wall Street Journal reported the involvement of the three firms in the initiative. Tokenization allows ownership records to be maintained on distributed ledgers rather than conventional databases. The pilot will examine operational and regulatory aspects of handling tokenized versions of the selected assets.
Corporation has not released a timeline for broader rollout. Participants will provide data on processing speed, custody requirements, and settlement finality during the test phase.
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