BlackRock, Goldman, JP Morgan Launch Tokenized Stocks Pilot

The Depository Trust & Clearing Corporation (DTCC) launched a pilot on Wednesday to test tokenized stocks and U.S. Treasuries with nearly 40 financial institutions, including JPMorgan Chase, Goldman Sachs, BlackRock, Vanguard, and the New York Stock Exchange. DTCC's global head of Digital Assets, Nadine Chakar, stated that this initiative marks the beginning of a journey to demonstrate the coexistence of traditional and new technologies, aiming for a scalable launch by October. The pilot will explore blockchain-based versions of stocks, exchange-traded funds, and U.S. Treasuries across various financial operations. Tokenization involves creating blockchain representations of real-world assets, which can be traded but do not necessarily confer legal ownership. Interest in tokenized assets has surged, with real-world asset protocols surpassing 10 billion in total value locked by May 2025. The adoption of tokenized assets continues to grow, exemplified by Robinhood's recent launch of Robinhood Chain, an Ethereum layer-2 network for tokenized stocks and ETFs.

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