Asset tokenization on Wall Street is accelerating! Nearly 40 institutions, including JPMorgan and Goldman Sachs, have completed blockchain transaction testing, with further applications expected to expand in October.

According to the Zhito Finance APP, Wall Street's exploration of asset tokenization, which has been ongoing for years, is gradually transitioning from proof of concept to actual market application. In July of this year, nearly 40 financial institutions, including JPMorgan Chase (JPM.US), Goldman Sachs (GS.US), Invesco (IVZ.US), and Citadel Securities, participated in a large-scale experiment organized by the Depository Trust & Clearing Corporation (DTCC). They converted traditional assets such as stocks, U.S. Treasury bonds, and ETFs into digital tokens, completing a series of daily market operationsincluding trading, collateral transfer, margin calls, and settlementusing blockchain technology.