The DTCC's tokenisation pilot went live in July, the EU is racing toward T+1, and market infrastructure operators are quietly rewriting the rules of settlement. Here's what this week's news means for capital markets. For decades, the pipes of global finance have been reliable, invisible, and mind-numbingly boring, which is exactly how post-trade professionals like it. But over the last two weeks, that plumbing has started to look positively futuristic. The Depository Trust &

As of this week, tokenized Russell 1000 stocks, ETFs and US Treasuries are moving through the same rails that clear $2.5 quadrillion in traditional securities a year. The world's most consequential clearinghouse is quietly rewiring itself, and the market structure implications are enormous. The Milestone Nobody Rang a Bell For Wall Street's back office rarely makes headlines. It should this week. Following the mid-July go-live confirmed by CoinDesk on July 15, the Depository

Euroclear has entered exclusive negotiations to acquire Uptevia, the French corporate trust specialist that handles share registers, general meetings and employee share plans for many of the country's largest listed companies. The Brussels-based post-trade group confirmed the talks on 7 July 2026, positioning the deal as a step toward a broader pan-European issuer services business. Uptevia is currently owned in equal parts by BNP Paribas and CACEIS, the asset servicing arm t

Tokenized stocks debut on the NYSE, DTCC's pilot goes live, and Europe's regulators pick a fight with prediction markets. It has been a very busy seven days for financial market infrastructure. If you blinked last week, you missed the moment U.S. market infrastructure crossed a Rubicon. In the space of five trading days, the Depository Trust & Clearing Corporation moved from press releases to production, the New York Stock Exchange welcomed its first fully tokenized listed eq