DTCC and BitGo Unveil Tokenized US Treasuries and Equities Infrastructure

The Depository Trust & Clearing Corporation (DTCC) has made its most significant move into blockchain-based infrastructure by partnering with BitGo to launch a digital asset infrastructure for tokenized US Treasuries and equities. On July 15, DTCC's subsidiary The Depository Trust Company successfully converted eligible US Treasuries and equities into tokenized digital twins, with BitGo serving as the custodian handling settlement and movement of those assets onchain.

Over 30 firms participated in the pilot, including global finance giants BlackRock, Goldman Sachs, and J.P. Morgan. The test focused on repo and reverse repo workflows, which are short-term lending markets where institutions borrow against Treasuries as collateral. BitGo holds a distinctive role in the arrangement due to its OCC-regulated status as a full-service qualified custodian integrated with the DTCC Tokenization Service.

The official launch of the DTC Tokenization Service is planned for October 2026, which will be a defining moment for institutional adoption of tokenized assets. When the entity that clears nearly all US securities transactions officially supports tokenized versions of those same instruments, it removes one of the biggest objections institutional players have had: counterparty and infrastructure risk.