DTCC plans to bring tokenized DTC assets to Solana in second half of 2027

The Depository Trust & Clearing Corporation plans to connect its tokenization service to Solana, opening a path for assets held at its Depository Trust Company subsidiary to be converted into tokens on the network in the second half of 2027. The firm announced the plan on Nov. 12, calling it a further step in a multi-chain strategy for the DTCC Tokenization Service.

The service, known as DTS, went live on Oct. 28 on the Canton Network and DTCC's own private blockchain, which is built on the Besu framework, Decrypt reported. It creates tokenized "digital twins" of securities held at DTC, which custodies more than $114 trillion in assets. Under a no-action letter from the SEC, the service is limited to a defined set of highly liquid assets, including Russell 1000 stocks, ETFs tracking major indexes and U.S. Treasuries. Morgan Stanley tokenized U.S. stocks and Treasuries through the service in the week before the Solana announcement, Decrypt reported.

The announcement was dated Nov. 12 in New York, London, Hong Kong, Singapore and Sydney. DTCC said connecting DTS to Solana's layer-1 network advances its commitment to an interoperable financial ecosystem where assets can move between traditional infrastructure and multiple blockchain networks.

"DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice," said Frank La Salla, DTCC's president and chief executive officer. Brian Steele, president of DTCC Clearing & Securities Services, said tokens issued on Solana "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities." Steele described the service in the same release as infrastructure that connects traditional market liquidity with digital asset ecosystems through secure, interoperable and market-neutral plumbing. DTCC characterized Solana in the announcement as a high-performance blockchain network that enables fast and secure digital transactions, and Solana's official account posted the plan on X on Nov. 12.

Nadine Chakar, managing director and global head of DTCC Digital Assets, said in the release that interoperability is the essential bridge to creating scalable, resilient and liquid digital markets, and that the firm is committed to an open platform that gives users access to mature distributed ledger networks like Solana. Nick Ducoff, general manager for institutional at the Solana Foundation, said institutions choose the network "because it already runs real financial activity at scale," and that connecting DTS "enables tokenized securities to settle and move as easily as any other asset on-chain." Decrypt separately quoted Ducoff saying institutions are already issuing, settling and deploying capital on the network.

Solana is not the only network on DTCC's list. Stellar and Circle's Arc blockchain are also expected to be added in 2027, according to a DTCC fact sheet cited by Decrypt.

The Solana integration arrives as the network builds out institutional plumbing. Last month the Solana Foundation unveiled an open standard for institutional settlement developed with input from J.P. Morgan, and the network completed its Alpenglow upgrade, cutting transaction finality time to roughly 150 milliseconds, Decrypt reported. Trading platform Formation has also notified the SEC of plans to trade tokenized U.S. stocks on Solana, starting with Galaxy and Forward Industries, Decrypt reported.

DTCC has operated as post-trade market infrastructure for the global financial services industry for more than 50 years. Its subsidiaries processed securities transactions valued at $4.7 quadrillion in 2025, and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at $114 trillion, according to the release.

DTCC's release says the Solana integration is expected to support rapid conversion of eligible traditional assets into tokenized form and related token lifecycle functionality. The announcement does not set a firm launch date beyond the second-half 2027 window, and the service's asset universe remains bounded by the terms of the SEC no-action letter.