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DTCC Launches Tokenization Pilot for Microsoft, QQQ Shares and U.S. TreasuriesAccording to The Wall Street Journal, DTCC has launched a securities tokenization pilot with nearly 40 financial firms and technology providers, testing the tokenization of stocks and U.S. Treasuries. Assets involved include Microsoft, Circle, QQQ, SPY, short-term Treasury ETFs, and Treasuries of various maturities. Participants include BlackRock, JPMorgan, Goldman Sachs, Vanguard, and NYSE. DTCC plans to formally launch its token ...