DTCC Completes Tokenized Asset Settlement Test with JPMorgan, Vanguard, Société Générale, and Citadel

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On July 15, DTCC completed a live tokenized asset settlement test with JPMorgan, Vanguard, Société Générale, and Citadel. The test included equity and Treasury token conversions, DVD equity delivery, collateralized pledges, and CCP margin payments. DriveWealth and Citadel handled equity token conversion, while DriveWealth and Vanguard executed a tokenized DVD delivery. JPMorgan used tokenized assets as CCP margin for CME Group. Société Générale and Citadel also completed Treasury token conversion and collateralized asset settlement. The test addressed crypto asset classification and digital asset regulation across bond, stock, and collateral scenarios.

ChainThink reports that on July 15, according to DTCC platform updates, DTCC advanced its live testing of tokenized assets, successfully completing various settlement transactions including equity token conversion, government bond token conversion, DVD equity delivery, collateral pledge, and central counterparty (CCP) margin payments.

Specifically, Citadel Securities and DriveWealth completed the conversion of equity tokens; DriveWealth completed the DVD settlement of tokenized equity with Vanguard.

JPMorgan Chase pays tokenized assets as CCP margin to CME Group.

Additionally, Société Générale completed the tokenization of government bonds and partnered with Citadel Securities to settle collateral pledging. This test covered financial scenarios including bonds, equities, and collateral.

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