DTCC to tokenize Microsoft, SPY, QQQ, and US Treasuries for Wall Street firms

Odaily reported that the DTCC will tokenize Microsoft stock, SPY, QQQ, and US Treasuries for Wall Street firms, with institutions such as BlackRock, Goldman Sachs, and JPMorgan participating. The involved companies plan to use the tokenized assets for collateral transfers, repurchase agreements, and stock trading. (The Wall Street Journal)