Institutional Adoption
Tracker

A permanent monitor of the banks, asset managers, exchanges, and infrastructure providers building the tokenized financial system.

DATA SNAPSHOT: REAL-TIME (T+0)

Verified DCM Integrations

Institutional infrastructures and platforms that have natively integrated DCM Core standards (GTDS/TFIN) for their digital asset lifecycle management.

Native TFIN Connector

Market Infrastructures

Direct API integration for automated TFIN ID assignment at the moment of issuance.

GTDS Data Node

Buy-Side Analytics

Asset managers using the GTDS Standard to normalize Cross-ledger portfolio reporting.

DORA Compliance Layer

Risk Management

Critical infrastructure providers utilizing DCM resilience frameworks for regulatory alignment.

Institution	Category	Key Initiatives	Blockchain Tech	Stage
BlackRock	Asset Manager	BUIDL Fund, Cash management	TFIN Verified GTDS Compliant	Live Production
JPMorgan Chase	Global Bank	Onyx, JPM Coin, TCN (Tokenized Collateral)	TFIN Verified	Live Production
Société Générale	Global Bank	SG-FORGE, EURCV Stablecoin, Digital Bonds	TFIN Verified GTDS Compliant	Live Issuance
Franklin Templeton	Asset Manager	FOBXX (Benji Investments)	TFIN Verified GTDS Compliant	Live Production
Euroclear	Infrastructure	D-FMI (Digital Financial Market Infrastructure)	TFIN Verified DORA Ready	Live Issuance
Citigroup	Global Bank	Citi Token Services for Cash & Trade	TFIN Verified	Commercial Pilot
Nasdaq	Infrastructure	Digital Asset Custody Services (Halted) / Tech Provider	Agnostic Node	Tech Provider

Download Dataset (CSV) Quarterly Report API Documentation

How to Cite this Observatory

Standard Format (Harvard) DCM Core Institute (2026). *Tokenized Capital Markets Observatory*. [Online] Available at: https://dcmcore.com/en/observatory/tokenized-markets.html

BibTeX @online{dcmcore_observatory2026,
  author = {DCM Core Institute},
  title = {Tokenized Capital Markets Observatory},
  year = {2026},
  url = {https://dcmcore.com/en/observatory/tokenized-markets.html}
}