JPM BLK GS The Depository Trust & Clearing Corp., a leading trade processor, plans to convert a batch of shares and Treasuries into digital
JPM BLK GS The Depository Trust & Clearing Corp., a leading trade processor, plans to convert a batch of shares and Treasuries into digital tokens, the clearinghouse's latest step toward a fully digital Wall Street. Almost 40 financial firms and tech providers, from JPMorgan Chase and Goldman Sachs to BlackRock, Vanguard and the NYSE, will take part in a trial run to tokenize securities that Wall Street firms keep at DTCC. The tokens will be stored at the clearinghouse on the Blockchain. The assets set to tokenize in Wednesday's process include shares of Microsoft, Circle Internet Group, Invesco QQQ Trust, State Street SPDR S&P 500 ETF Trust and iShares 0-3 Month Treasury Bond ETF, as well as Treasury's of different tenors.
JPM BLK GS The Depository Trust & Clearing Corp., a leading trade processor, plans to convert a batch of shares and Treasuries into digital tokens, the clearinghouse's latest step toward a fully digital Wall Street.
Almost 40 financial firms and tech providers, from JPMorgan Chase and Goldman Sachs to BlackRock, Vanguard and the NYSE, will take part in a trial run to tokenize securities that Wall Street firms keep at DTCC.
The tokens will be stored at the clearinghouse on the Blockchain.
The assets set to tokenize in Wednesday's process include shares of Microsoft, Circle Internet Group, Invesco QQQ Trust, State Street SPDR S&P 500 ETF Trust and iShares 0-3 Month Treasury Bond ETF, as well as Treasury's of different tenors.