Wall Street's post-trade backbone ran its first live blockchain transactions Wednesday, with the DTCC completing production trades of tokenized stocks and Treasurys alongside nearly 40 major financial institutions.
What Actually Happened Wednesday?
JPMorgan (NYSE:JPM) kicked off the day by tokenizing a portion of its Invesco QQQ Trust (NASDAQ:QQQ) holdings held at DTCC, while retaining the ability to convert them back to traditional shares.
Goldman Sachs (NYSE:GS), BlackRock (NYSE:BLK), Vanguard, and the New York Stock Exchange were among the other participants, alongside tech providers and crypto-native firms including Circle (NYSE:CRCL) and Kraken parent Payward.
Microsoft (NASDAQ:MSFT) shares, the State Street SPDR S&P 500 ETF Trust (NYSE:SPY), and the iShares 0-3 Month Treasury Bond ETF rounded out the initial assets, according to the Wall Street Journal.
