Old Men, New Money

Old Men, New Money

The DTCC Is Tokenizing the Russell 1000 and U.S. Treasuries. Wall Street's Settlement System Just Went Onchain.

When the institution that clears $114 trillion a year builds tokenization infrastructure, T+2 settlement becomes obsolete.

Douglas C Borthwick's avatar
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Douglas C Borthwick, Ali Davoudi, Phil Larmon, and Old Men, New Money
May 10, 2026
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The DTCC just announced it’s moving forward with tokenization infrastructure for Russell 1000 stocks and U.S. Treasuries. More than 50 firms are testing live in July. This isn’t a proof of concept. This is the organization that clears and settles virtually every U.S. equity and Treasury trade admitting the current rails are legacy infrastructure.

Let tha…

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