DTCC Begins Running Real Trades of Tokenized Stocks and ETFs on Blockchain
DTCC, the backbone of US equity settlement, ran production trades of tokenized Russell 1000 stocks, ETFs and Treasuries this week under a three-year SEC pilot backed by more than 50 firms. The move signals Wall Street incumbents are building blockchain rails themselves rather than ceding ground to crypto-native platforms, with a full commercial launch set for October.