TheBlock
The Depository Trust & Clearing Corporation plans to connect its tokenization service to Solana in the second half of 2027, bringing eligible securities held by its Depository Trust Company subsidiary to the blockchain. The service launched on Oct. 28 on Canton Network and DTCC's private Besu network. DTCC said its depository provided custody and asset servicing for $114 trillion in securities in 2025.
Why it matters
Eligible users can convert securities into tokenized versions, deliver them to digital wallets of their choice and convert them back. DTCC executive Brian Steele said assets made available on Solana and other integrated networks would retain the investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities.
DTC received a Securities and Exchange Commission no-action letter last December allowing it to tokenize Russell 1000 stocks, major U.S. equity index ETFs and U.S. Treasury bills, bonds and notes.
Market impact
The plan puts Solana in line to join the networks connected to an institutional securities tokenization service. It remains a planned integration for the second half of 2027, rather than an immediate launch.
DTCC's first limited production trades of tokenized stocks and Treasuries began in July on Canton and Besu. In the trial, JPMorgan tokenized part of its Invesco QQQ Trust holdings at DTCC while retaining the ability to convert them back to traditional shares. At the October launch, DTCC named 20 participants that had signed agreements to use the service, including Bank of America, Citi, JPMorgan, Morgan Stanley and UBS.
Frequently asked questions
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When does DTCC plan to connect its tokenization service to Solana?
DTCC plans to connect the service to Solana in the second half of 2027.
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Which securities can DTC tokenize under its SEC no-action letter?
The letter allows DTC to tokenize Russell 1000 stocks, major U.S. equity index ETFs and U.S. Treasury bills, bonds and notes.
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Can users convert tokenized securities back to traditional holdings?
Yes. Eligible users can convert securities into tokenized versions and back, and deliver the tokens to digital wallets of their choice.
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What protections will DTC-tokenized assets on Solana retain?
DTCC says they will retain the investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities.
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Which networks hosted DTCC's initial tokenization service?
The service launched on Canton Network and DTCC's private Besu network. Its first limited production trades of tokenized stocks and Treasuries also took place on those networks.
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