CoinDesk
The Depository Trust and Clearing Corporation will bring its tokenization service to Solana in the second half of 2027, allowing eligible stocks, exchange-traded funds and U.S. Treasuries held at its Depository Trust Company subsidiary to be converted into blockchain-based tokens on the network. The organizations announced the expansion on Thursday.
The service launched in late October on Canton Network and DTCC's private Besu blockchain, making Solana a major addition to a lineup that also includes Stellar. It debuted with 34 eligible securities representing roughly $30 trillion in assets, a figure reflecting securities available for tokenization rather than assets already onchain.
Why it matters
DTCC sits at the center of U.S. market plumbing. Through its DTC subsidiary, it holds $114 trillion in securities for banks and brokerages, and connecting that post-trade infrastructure to a public blockchain like Solana gives regulated financial firms a sanctioned path to tokenized assets.
Unlike the synthetic stock tokens that dominate Solana's existing $600 million tokenized-equity market, securities tokenized through the DTCC service will retain their existing ownership rights, investor protections and regulatory safeguards. "DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem," said CEO Frank La Salla.
Market impact
Solana already trails only BNB Chain and Ethereum in stock-token value, and ranks second by transfer volume with over $11 billion in tokens changing hands this month, per RWA.xyz. Solana Foundation institutional chief Nick Ducoff said institutions chose the network "because it already runs real financial activity at scale."
Citi estimates the tokenized asset market could reach $5.5 trillion by 2030, and a 2027 DTCC rollout on Solana would put the network directly in line for that flow. Watch for the eligible-securities list to expand and for rival chains to push for similar integrations.
Frequently asked questions
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What is the DTCC planning to launch on Solana?
The DTCC will extend its tokenization service to Solana in the second half of 2027, converting eligible stocks, ETFs and U.S. Treasuries held at its Depository Trust Company subsidiary into blockchain-based tokens.
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How much in assets are eligible for DTCC tokenization?
The service debuted with 34 eligible securities representing roughly $30 trillion in assets, though that figure reflects securities available for tokenization rather than assets already onchain.
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How do DTCC-tokenized securities differ from synthetic stock tokens on Solana?
Unlike synthetic stock tokens, which lack shareholder rights, securities tokenized through the DTCC service retain their existing ownership rights, investor protections and regulatory safeguards.
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How large is Solana's existing tokenized stock market?
Solana holds about $600 million in stock tokens, trailing only BNB Chain and Ethereum, and ranks second among networks by transfer volume with over $11 billion in tokens changing hands this month, per RWA.xyz.
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How big could the tokenized asset market become?
Citi estimates the tokenized asset market, including equities, could reach $5.5 trillion by 2030, and DTCC's connection to public blockchains brings those benefits closer to financial firms already using its services.
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