JPMorgan Completes Live Tokenized Invesco QQQ Transaction With DTCC

• JPMorgan completed a live tokenized QQQ transaction, bringing blockchain into traditional finance.
• The pilot showed tokenized securities can be used as collateral within existing market infrastructure.
• DTCC’s tokenization project includes major Wall Street firms testing blockchain-based asset settlement.

JPMorgan has completed the tokenization of the Invesco QQQ Trust in a live transaction, another step in Wall Street’s efforts to integrate blockchain technology into traditional financial markets. The Depository Trust & Clearing Corporation (DTCC) said the transaction was completed using existing market infrastructure, allowing tokenized securities to be processed within the current financial system.

“JPMorgan successfully completed an equity token conversion involving the Invesco QQQ Trust (QQQ), offering a practical example of tokenization at work within trusted …

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