At the heart of the U.S. financial system, DTCC has outlined its timeline for a blockchain-based platform that will bring traditional assets on-chain. According to the announcement, limited issuance will begin in July, with a full-scale launch scheduled for October, marking a key milestone in the digital transformation of trillion-dollar markets.
The new system will allow firms to issue digital versions of assets already held in custody, while preserving ownership rights and existing legal protections. More than 50 institutions are involved, including financial giants such as BlackRock, Goldman Sachs, and JPMorgan, alongside crypto-native players like Circle and Anchorage.
Tokenization enables assets like stocks and bonds to be represented on blockchain networks, aiming to reduce settlement times, lower costs, and broaden market access. DTCC CEO Frank La Salla believes the technology could significantly improve liquidity and transparency across financial markets.
DTCC’s move comes amid growing competition from players like Nasdaq and Intercontinental Exchange. With approval from the SEC, the firm is authorized to offer services for assets including Russell 1000 equities and U.S. Treasuries, underscoring the rapid shift of traditional finance toward blockchain-based infrastructure.
