DTCC announces the launch of a tokenized securities trading pilot in July, with participation from BlackRock, JPMorgan Chase, and Goldman Sachs

Deep Tide TechFlow News. On May 5, according to FinanceFeeds, the Depository Trust & Clearing Corporation (DTCC) in the United States announced on May 4 that it will roll out the first “production environment” trades for tokenized securities in July 2026. The pilot project is jointly developed by DTCC and more than 50 major financial institutions, including BlackRock, JPMorgan Chase, and Goldman Sachs, and is intended to directly integrate tokenized real-world assets (RWA) into the core infrastructure of the U.S. capital markets.

The plan will leverage the existing systems of the Depository Trust Company (DTC) (currently holding assets of more than $114 trillion) to introduce blockchain settlement for highly liquid securities such as U.S. Treasury bonds and Russell 1000 index constituent shares. The pilot design ensures that tokenized assets have rights and ownership equivalent to those of traditional securities, based on a three-year “no-action letter” granted by the U.S. Securities and Exchange Commission (SEC) at the end of 2025, which authorizes DTC to provide specific tokenization services to participating parties.

Brian Steele, Managing Director of DTCC, said the goal is “to provide systemic scale in areas where deep liquidity already exists,” rather than building a fragmented experimental secondary market. The participation of companies such as Circle and Anchorage Digital further underscores interoperability, ensuring that tokenized assets can seamlessly transfer across different blockchain protocols. The July pilot is the “limited production” phase, and DTCC plans to fully launch the service in October 2026 after the pilot succeeds.