DTCC trial to tokenize Microsoft, QQQ, SPY, and SHV launches in October

The organization that quietly clears roughly $114 trillion in assets every year is about to put some of America’s most recognizable securities on blockchain rails. The Depository Trust & Clearing Corporation is launching its DTC Tokenization Service in October 2026, following limited production trades that begin in July.

The trial will tokenize Microsoft shares, the Invesco QQQ Trust, the SPDR S&P 500 ETF Trust, and the iShares 0-3 Month Treasury Bond ETF. In English: the four tickers represent a blue-chip tech giant, the Nasdaq 100, the S&P 500, and short-term government debt.

Who’s in the room

Vanguard, BlackRock, and JPMorgan are among the heavyweights testing the system during its pilot phase. Around 40 firms are actively participating in trials, while a broader working group of more than 50 companies helped design the service after forming in May 2026.

That working group includes a diverse mix of traditional finance players and crypto-native firms.