JPMorgan (JPM), BlackRock (BLK) and Goldman (GS) to tokenize stocks and Treasuries, WSJ reports; assets set to tokenize in Wednesday's process include shares of Microsoft (MSFT), Circle Internet Groupa (CRCL), Invesco QQQ Trust (QQQ)
- The Depository Trust & Clearing plans to convert a batch of shares and Treasurys into digital tokens.
- Almost 40 financial firms and tech providers will take part in a trial run to tokenize securities that Wall Street firms keep at DTCC.
- The tokens will be stored at the clearinghouse on the blockchain, the digital ledger technology that underpins cryptocurrencies and other digital assets, and made available for trade
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