Circle to Join DTCC Tokenization Pilot as Shares Slump from $138.50 to $79.72
CRCL•Circle will join DTCC’s July 2026 pilot to tokenize Russell 1000 equities, major ETFs and US Treasuries alongside BlackRock, Goldman Sachs and JPMorgan, with full service launch set for October 2026. Circle’s stock has plunged from $138.50 to $79.72 as it faces weak technicals, falling USDC supply and rising government yields.
1. DTCC Tokenization Pilot Launch
The Depository Trust & Clearing Corporation will begin production testing of tokenized Russell 1000 stocks, major ETFs and US Treasuries on blockchain in July 2026 using its ComposerX platform for minting, management and settlement. Over 50 firms—including BlackRock, Goldman Sachs, JPMorgan, Circle and Ondo Finance—will participate in the initiative.
2. Regulatory Approval and Full Service Rollout
The SEC granted a three-year no-action letter in December 2025, providing legal clearance for tokenized securities without triggering existing custody and transfer agent rules. A full service launch is scheduled for October 2026, enabling both traditional finance and crypto-native firms to execute production trades under a unified regulatory framework.
3. Circle's Stock Slide and Market Headwinds
Circle’s stock has dropped from $138.50 to $79.72 since May, pressured by weak technical indicators, declining USDC supply and rising US government yields. These headwinds have intensified sell-side risk, potentially delaying broader adoption of tokenized real-world asset services.
