DTCC taps BitGo to custody tokenized Treasuries and stocks

The company that clears most US securities trades picked a custodian for its blockchain push. DTCC, through its subsidiary The Depository Trust Company, partnered with BitGo to build shared infrastructure for tokenized US Treasuries and equities, Crypto Briefing reported.

BitGo Bank & Trust holds a specific distinction in the deal: it's the only OCC-regulated full-service qualified custodian integrated with the DTCC Tokenization Service. That role means managing the on-chain wallets that hold tokenized assets and handling settlement when trades move, a job that requires both blockchain infrastructure and the regulatory standing to custody institutional-grade securities.

The partnership already has a track record. On July 15, DTC converted eligible US Treasuries and equities into tokenized digital twins in a live pilot, with BitGo Bank & Trust handling custody and settlement. The trades centered on repo and reverse repo activity, the short-term lending market where institutions borrow against Treasuries as collateral, and pulled in more than 50 participants spanning traditional finance and crypto infrastructure.

• Pilot date: July 15, 2026
• Participants: 50+ institutions
• Full-scale launch: October 2026
• DTCC assets under custody: ~$114 trillion
• DTCC 2025 securities transaction volume: $4.7 quadrillion
• Regulatory basis: SEC no-action letter, December 2025

Traditional finance names in the pilot included Bank of America, BlackRock, BNP Paribas, Charles Schwab, Citi, Franklin Templeton, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, Nasdaq, NYSE Group, State Street, UBS, and Wells Fargo. Digital-asset firms rounded out the list: Anchorage Digital, BitGo, Circle, Fireblocks, Ondo Finance, Payward, Ripple Prime, and Robinhood.

DTCC's own scale gives the pilot weight beyond the participant list. The company holds roughly $114 trillion in assets under custody and processed $4.7 quadrillion in securities transactions in 2025, numbers that put its tokenization experiments closer to infrastructure planning than a side bet on emerging technology.

October's full-scale launch expands the service to eligible DTC-custodied assets, including Russell 1000 constituents, ETFs tracking major indices, and US Treasury bills, bonds, and notes, running on a legal basis DTCC secured through an SEC no-action letter in December 2025. BitGo enters this role fresh off a mixed Q2 earnings report, where revenue climbed but losses stayed in the red, a reminder that custody contracts with an institution DTCC's size carry real financial weight for a company still working toward consistent profitability.

BitGo isn't DTCC's only tokenization partner. The clearing giant picked Stellar for a parallel track tokenizing the same Russell 1000 stocks and Treasuries, which suggests DTCC is testing multiple chains and custodians rather than committing to one before October's launch settles the question of which infrastructure carries the bulk of the volume.

Nothing here should be taken as financial advice — just information to consider.