DTCC plans to add tokenized securities to Solana in second half of 2027

The Depository Trust & Clearing Corporation announced Thursday that DTCC plans to connect the DTCC Tokenization Service to Solana in the second half of 2027. The connection to the Layer 1 blockchain will support tokenized versions of eligible securities held by DTCC's Depository Trust Company (DTC) subsidiary.

The service began operating on October 28 through Canton Network and DTCC's private Besu network. Eligible users can tokenize securities and convert the tokenized assets back into traditional securities. Users can select digital wallets to receive the assets. At launch, DTCC said DTCC planned to support additional blockchain networks next year. Brian Steele, president of DTCC Clearing & Securities Services, said DTC-tokenized assets on Solana and every other integrated blockchain will preserve traditional securities' investor protections, ownership rights and regulatory safeguards.

DTC obtained a no-action letter from the Securities and Exchange Commission last December for the service. The letter allows DTC to tokenize Russell 1000 stocks, major U.S. equity index exchange-traded funds, and U.S. Treasury bills, bonds and notes. DTCC began its first limited production trades involving tokenized stocks and Treasurys in July through Canton and Besu. During the trial, JPMorgan tokenized a portion of the bank's Invesco QQQ Trust holdings held at DTCC. JPMorgan kept the ability to convert those tokenized holdings back into traditional shares.

At the October launch, DTCC identified 20 participants with signed agreements to use the service. The participants included Bank of America, Citi, JPMorgan, Morgan Stanley and UBS. DTCC said DTC provided custody and asset servicing for securities worth $114 trillion in 2025.