The Depository Trust & Clearing Corporation, the market plumbing that clears and settles most U.S. securities trades, began processing live production trades of tokenized real-world assets on Wednesday, pushing Wall Street's largest tokenization effort out of testing and into a live environment.

JPMorgan, BlackRock, and Goldman Sachs join 50-firm DTCC pilot to tokenize Russell 1000 stocks and US Treasurys, with live trades starting July 2026.

DTCC is piloting the tokenization of stocks and Treasurys with JPMorgan, BlackRock, and other major firms ahead of a planned October launch.