DTCC to Tokenize Russell 1000 Stocks and Treasuries in July Pilot With BlackRock and Goldman Sachs

The article says DTCC will start limited production testing in July 2026 of tokenized Russell 1000 equities, major ETFs and U.S. Treasuries, with a full service launch targeted for October 2026. Backed by more than 50 firms including BlackRock, Goldman Sachs and JPMorgan, the pilot is one of the largest institutional tokenization efforts to reach production in U.S. markets. The initiative follows SEC no-action relief granted in December 2025, which created a regulatory path for tokenized securities. Market impact centers on whether blockchain-based settlement can improve speed, transparency and efficiency versus traditional T+2 rails, potentially drawing more institutional trading into on-chain infrastructure. The test will be closely watched as tokenized RWA markets have already exceeded $20 billion in AUM, and success could accelerate adoption of tokenized public securities inside regulated market plumbing.