The Depository Trust & Clearing Corporation (DTCC) said Nov. 12 that it plans to enable the tokenization of eligible DTC-custodied assets on Solana. The Depository Trust Company (DTC) is DTCC's depository subsidiary. The DTCC Tokenization Service (DTS) launched on Oct. 28, and the Solana integration is planned for the second half of 2027.
Nick Ducoff, GM of Institutional Growth at Solana, on DTCC coming to Solana in 2027.
— Solana (@solana) November 13, 2026
“Over four quadrillion dollars in transactions were processed last year by the DTCC. When it connects a tokenization service to a network like Solana, it signals to the entire industry that… pic.twitter.com/uijNTGa2yn
What DTCC announced
DTCC says the link will support rapid conversion of eligible traditional assets into tokenized form, along with token lifecycle functions. It is meant to advance what the firm calls an interoperable ecosystem, where assets move across traditional infrastructure and several blockchain networks.
DTCC has not named which securities will be tokenized on Solana first, or when testing will begin. It has not said whether other chains will be announced alongside this one.
"DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice in where they access and utilize tokenized assets," said Frank La Salla, DTCC's president and CEO.
The word "another" matters, because DTS was built to support more than one network.
Same protections, different rails
Brian Steele, president of DTCC Clearing & Securities Services, said that DTC-tokenized assets made available on Solana, and on every blockchain integrated with the service, "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities."
That point is central to the design. These are not new crypto-native tokens that mimic a stock. They are eligible securities already held at DTC, represented in tokenized form. Nadine Chakar, DTCC's global head of digital assets, said the aim is an open platform that gives users access to mature distributed ledger networks "like Solana that have established performance, security and governance features."
DTC is the central securities depository for most US equities and corporate and municipal bonds. A tokenized version of a DTC-held asset still traces back to the record DTC keeps. That is different from tokenized stocks sold by crypto firms, which are often backed by shares held with a custodian but carry their own terms. Holders of those products usually lack voting rights.
The Solana side
Nick Ducoff, general manager for institutional at the Solana Foundation, said:
"Institutions choose Solana because it already runs real financial activity at scale." In a post on X, he called the move "a major validation of Solana for regulated finance" and said it shows the network "meets DTCC's bar for performance, security and governance."
He also pointed to DTCC's scale. In 2025, its subsidiaries processed securities transactions valued at $4.7 quadrillion, and DTC held $114 trillion in assets in custody.
Solana has been courting traditional finance for some time. The Solana Foundation and its partners have pushed tokenized funds and stablecoin payments on the network. But the chain has also had a rough record on reliability in the past. Solana had no network-wide outage after February 2024, when it went offline for nearly five hours, according to the Sui Foundation reports and public data compared in earlier coverage. Regulated institutions weigh that history when they pick a network.
A crowded week for tokenization
The DTCC announcement comes amid heavy activity in tokenized markets. The NYSE said on Nov. 9 that it picked Avalanche as the core ledger for the clearing firm behind its planned tokenized securities platform. Payward's xStocks added more than 200 UK and EU stocks on Nov. 11, taking it past 1,500 tokenized assets. Morgan Stanley tokenized US stocks and Treasuries through DTCC's new service days after launch, and ICE and OKX are planning a 24/7 tokenized stock venue under an SEC exemption.
One difference sets DTCC apart. The NYSE and OKXICE are building trading venues, while DTCC sits beneath them as the settlement and custody layer. Its choice of chains could shape which networks the rest of the market can reach. Issuers have not been uniformly welcoming either. On the OKXICE venue, every Magnificent Seven stock opted out of tokenization, and SpaceX objected as well.
The 2027 timeline leaves time for testing and regulatory work. DTCC will have to show that the tokenized assets work with its existing processes before real volume moves across.
Gunel Ismayilova
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Cryptocurrency investments involve significant risk of loss. Please note that, despite the nature of much of the material created and hosted on this website, HODL FM operates as a media and informational platform, not a provider of financial advisory services. The opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice, HODL FM strongly recommends contacting a qualified industry professional.
