JPMorgan, Goldman Sachs, BlackRock, Vanguard, and NYSE to trial tokenizing US stocks and Treasuries, driving ONDO price surge.
Macro & Markets ·
JPMorgan, Goldman Sachs, BlackRock, Vanguard, and NYSE are participating in a trial to tokenize US stocks and Treasuries, according to market commentary. The announcement triggered a positive price reaction in ONDO, a token positioned within the real-world asset and tokenization sector. Market participants viewed the timing and institutional participation as validation of tokenization momentum.
The trial represents a convergence of major financial institutions and the primary US equities exchange around blockchain-based settlement and custody infrastructure for traditional securities. Tokenization of stocks and Treasuries could reduce settlement friction and expand access to institutional-grade digital infrastructure.
The extent of the trial—including duration, scope, and which institutions lead technical implementation—remains unclear from available announcements. Similarly unspecified are timelines for any production deployment or regulatory approvals required for broader adoption.