JPMorgan, BlackRock, Goldman Reveal Master Plan for Cryptocurrency (5 Altcoin Buys)

[00:02] these things are cleared and settled through the DTCC, and that is mandated >> Big moment today for crypto with the DTCC, that's the Depository Trust & Clearing Corporation, which is massive. >> They settle two to four quadrillion

[00:16] >> Did you say quadrillion? >> Quadrillion. >> That's right. >> This is the reason we're seeing certain altcoins start to pump. Watch today's whole video so you understand which

[00:30] coins and what comes next. But the DTCC, which settles and safeguards most stock and bond transactions in the United States, that's the reason this is so massive as explained by Chainlink CEO Sergey Nazarov on the Bankless podcast.

[00:46] This is this is what people need to understand. I'm not talking about quadrillions. >> is bringing together Wall Street giants to demonstrate how blockchain-based assets could integrate with the

[01:00] traditional financial system. They have partnered with JP Morgan, they have partnered with Goldman to begin their first tokenized stock and treasury production trades. If you are in New York, you probably saw this. In fact,

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[02:09] exactly what the DTCC is. >> DTCC is really the backbone of of Wall Street. We were established some 53 years ago, give or take, by

[02:21] by Congress to at the time deal with what was called the paperwork work crisis. So this is at a time where stocks were booming and you had messengers going up and down Wall Street, but the trading

[02:36] became so much. Firms also realized that they were all doing redundant things, so they got together and created DTCC. So in a way together and created DTCC. So in a way we are being true to our to our mission

[02:50] as we push forward with tokenization and other digital assets today. >> So the global tokenization market is set to grow much much bigger in the next 10 to grow much much bigger in the next 10 years. The DTCC is just the next domino

[03:04] to fall as they process quadrillions of transactions per year. >> We have about 100 trillion dollars in assets, 1.4 million Q-sips within our custody. We're allowing our participants and their clients to have an the ability

[03:19] collateral and you can move that collateral literally at the speed of the network. But think about it, if you're you're from Kyoto, right? So if you're trying to finance security during Japanese trading hours, we're asleep

[03:34] security, you do so. If it's in your wallet, you can move it, you can use it. And this is just the beginning of what we believe over a period of time that we will rebuild the infrastructure and the rails of the US capital markets.

[03:49] >> And I do just want to be clear that this is just a trial run to show what's possible. This was them teaming up with BlackRock and JP Morgan and Goldman BlackRock and JP Morgan and Goldman Sachs and 25 total other firms

[04:03] better. The DTCC's trial run is a tangible step towards adoption, though it remains an early phase. Wednesday's event is meant to demonstrate how tokenized assets can operate across collateral, repo,

[04:19] equities, margin, and asset transfers by leveraging the existing financial system. And the big question is, which blockchain or blockchains did they choose? For example, JP Morgan completed

[04:33] a live tokenization. They tokenized Invesco's QQQ. This is one of the Invesco's QQQ. This is one of the world's most traded ETFs have now been tokenized by JP Morgan as part of today's activity.

[04:46] >> In our first update of the day, JP Morgan successfully tokenized the Morgan successfully tokenized the Invesco NASDAQ 100 ETF, which trades under the ticker QQQ. QQQ is one of the most highly liquid and traded ETFs in

[05:00] traditional users. >> So, let's talk about the benefits of that. What can a digital twin of QQQ do that the traditional asset cannot? >> Sure. An asset on a blockchain can be moved 24/7 365. So, it enables the

[05:16] the internet. It also, through smart contracts, be programmed to be moved in a more automated and systemic way. >> And of course, for those of you asking, Austin, just tell me what coins to buy.

[05:31] Just tell me what coins this is happening on. And number one, I'm not a decisions. You just subscribe to Altcoin Daily to stay up to date with the news. And as explained by Bloomberg senior analyst Eric Balchunas,

[05:45] many asking what blockchain they are using. Here's the answer. The digital conversions occurred on Hyperledger Besu, which is DTCC's private network,

[05:57] and Canton. That's the ticker CC, a public network. This is part of DTCC's multi-chain strategy to ensure resiliency, stability, and choice. So, they chose their own private network, and then Canton. Do you guys know

[06:13] Canton? It's relatively new, and while it is a public blockchain, and it's only it is a public blockchain, and it's only been alive since the end of last year, it is heavily centralized in terms of who holds the tokens. Heavily

[06:26] centralized by these big Wall Street entities. This is basically them creating a blockchain that they can control. And as Wall Street chose to tokenize the SPY, the QQQ, Microsoft stock, etc.,

[06:40] they chose the chain that they control. Now, I will say, if they want liquidity, if they want global access, if they want a global community to start trading the QQQ on uh in this new tokenized way, they

[06:55] want to access they'll need to access the liquidity of Ethereum, the liquidity of Solana, eventually, maybe on the rollout this year, later this year. Of course, that was just what JP Morgan chose for the

[07:07] QQQ. There's other coins being used. For example, Ondo. Ondo launches first tokenized stock representations on the DTCC service. representations on the DTCC service. The initiative includes CircleOn and

[07:21] The initiative includes CircleOn and SPYOn as digital twins of DTC-held securities. So, they're choosing Ondo. Another big piece of news that Ondo holders will like, this just happened today.

[07:34] Ondo Finance has partnered with Japan's SBI Group to tokenize Japanese assets and enable settlement and enable settlement using JPYSC stablecoin, the

[07:46] Japanese Yen stablecoin. Also, this is big. Citadel, which is a name brand in investing in traditional finance, they chose crypto.com and their CRO token. chose crypto.com and their CRO token. Citadel Securities invests $400 million

[08:01] in crypto.com at a $20 billion valuation. Ken Griffin's market making giant Citadel is taking a strategic stake in the Singapore-based exchange, which serves over 140 million users globally.

[08:17] CRO surged 18% on the news. Pay attention to what the big money does, not just what they say, but what they do. And then, of course, we know the other altcoin that truly does benefit from the DTCC,

[08:30] Chainlink. Link partnering with DTCC is such a massive accomplishment. This happened about 2 and 1/2 months ago in May. Everything will be on chain and everything will be using oracles like Link for their data. This is an ongoing

[08:44] story, a big week to be invested in crypto because today President Trump has met, I think, we don't know, is meeting with senators to discuss the Crypto Clarity Act in anticipation to tomorrow, the US House Committee on Financial

[08:59] Services will be having a hearing. Again, to talk this out, let's pass clarity. The minute I get an update on any of this, I'll keep you updated. Have any of this, I'll keep you updated. Have bell notifications on.