JPMorgan just turned one of the most widely held ETFs on the planet into a digital token. The Invesco QQQ Trust, the ETF that tracks the Nasdaq-100 and serves as a proxy for betting on Big Tech, has been converted into a tokenized real-world asset.
The conversion happened on July 15 during DTCC’s live production trades event, which brought together roughly 40 firms to demonstrate that tokenized infrastructure can actually work inside traditional finance’s plumbing.
What actually happened
JPMorgan took the QQQ ETF and created a tokenized representation of it. This isn’t replacing the ETF. It’s wrapping it in a digital format that preserves all the rights, liquidity, and investor protections of the original product.
The event was part of DTCC’s broader push toward launching a full Tokenization Service in October 2026. DTCC, for the uninitiated, is the Depository Trust & Clearing Corporation, the behind-the-scenes giant that processes the vast majority of US securities transactions.
