JPMorgan Tokenizes ETF Holdings in DTCC Pilot as 50+ Firms Join Same Infrastructure

ChainCatcher reports that large US financial institutions are pressing ahead with on-chain business. JPMorgan has tokenized ETF holdings through a production pilot run by Depository Trust & Clearing Corporation (DTCC). More than 50 companies, including BlackRock and Goldman Sachs, have connected to the same infrastructure, which is now used to tokenize stocks and US Treasuries. BlackRock’s CEO said tokenization is a way to “update the plumbing of the financial system.” In a separate development, Randi Abernethy, head of clearing and group risk at Bullish Exchange, testified before the US House Financial Services subcommittee in July 2026 regarding the CLARITY Act. The cases highlight the growing push by established financial players to put traditional assets such as equities, Treasury securities and fund holdings on blockchain rails. The same DTCC-based setup is being shared by a wide range of institutions, and the project has moved beyond simple experimentation into a production pilot. The testimony also brings a regulatory angle, with the CLARITY Act as the subject.