The Depository Trust & Clearing Corporation will begin limited production trades of tokenized Russell 1000 equities, major ETFs, and US Treasuries in July 2026, running settlement through a pilot of more than 50 financial firms that includes BlackRock, Goldman Sachs, JPMorgan, Circle, Ondo Finance, and Ripple Prime, according to Yahoo Finance.
The July trades will mark the first time DTCC has placed actual securities on a blockchain in its five-decade history, Crypto Briefing reported. A full service launch is scheduled for October 2026.
Why the DTCC pilot matters
An SEC No-Action Letter dated December 11, 2025 authorized a three-year pilot at the Depository Trust Company, DTCC's settlement arm, removing the need for each participating firm to seek separate regulatory clearance, per Crypto Briefing. DTC currently custodies approximately $114 trillion in securities, effectively the entire US equity and fixed-income settlement stack.
Previous institutional tokenization projects concentrated on illiquid assets such as private credit. This pilot runs under live market conditions using the deepest, most liquid segments of US capital markets.
Stellar integration comes later
DTCC is building toward multi-chain infrastructure targeting "multiple layer-1 and layer-2 networks," CoinDesk reported. An integration with the Stellar public blockchain is planned separately for the first half of 2027.
"This collaboration represents another step forward in DTCC's efforts to build an open, interoperable digital infrastructure that bridges traditional and digital markets," said Frank La Salla, DTCC's president and CEO, per CoinDesk.