DTCC partners with BitGo to launch digital asset infrastructure for tokenized US Treasuries and equities
The Depository Trust & Clearing Corporation (DTCC) has successfully piloted the tokenization of U.S. Treasuries and equities, marking a significant shift toward blockchain-based financial infrastructure. Utilizing its Tokenization Service, the DTCC converted traditional assets into digital twins to facilitate repo and reverse repo workflows. BitGo Bank & Trust serves as the exclusive OCC-regulated custodian, managing the onchain settlement and movement of these assets. Over 30 major financial institutions, including BlackRock, Goldman Sachs, and J.P. Morgan, participated in the pilot to test interoperability and operational capabilities. This initiative builds upon previous collaborations with Digital Asset and the Canton Network to create a scalable, multi-chain environment. By integrating blockchain into the core clearing and settlement system, the DTCC aims to mitigate counterparty and infrastructure risks for institutional players. The full-scale launch of the DTC Tokenization Service is scheduled for October 2026, representing a critical milestone for the widespread adoption of tokenized real-world assets.
- ▸DTCC successfully piloted tokenized U.S. Treasuries and equities with over 30 global financial firms.
- ▸BitGo Bank & Trust acts as the sole OCC-regulated custodian for onchain asset settlement.
- ▸Full-scale launch of the DTC Tokenization Service is officially planned for October 2026.
- ▸Pilot testing focused on repo and reverse repo workflows to prove real-world market viability.
The Depository Trust & Clearing Corporation (DTCC) is the primary financial utility responsible for clearing and settling the vast majority of securities transactions in the United States. It acts as the central infrastructure provider, ensuring the integrity and efficiency of the U.S. capital markets by managing the transfer of ownership for stocks and bonds. By moving toward tokenization, the DTCC seeks to modernize these legacy settlement processes using blockchain technology.