On July 15, The Wall Street Journal reported that the Depository Trust & Clearing Corporation (DTCC) is advancing a Wall Street asset tokenization plan, which includes tokenizing assets such as Microsoft, SPY, QQQ, and U.S. Treasuries. Participating institutions include JPMorgan, BlackRock, and Goldman Sachs. These institutions plan to use tokenized assets for collateral transfer, repurchase (Repo) transactions, and stock trading, aiming to enhance capital efficiency, optimize settlement processes, and promote the on-chain integration of traditional financial infrastructure.
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