DTCC Plans Tokenized Securities on Solana in Second Half of 2027

TLDR:

• Solana integration with the DTCC Tokenization Service targets the second half of 2027 for eligible securities held at DTC. 
• Tokenized securities retain ownership rights, investor protections and economic entitlements, with backing from assets held at DTC. 
• The service launched on October 28 with 34 eligible securities and 20 participants that had si more than $114 trillion in custody at launch, while tokenization covers eligible assetsgned agreements to access the platform. 
• DTC reported more than $114 trillion in custody at launch, while tokenization covers eligible assets that participants choose to convert.

DTCC plans to connect its Tokenization Service to Solana in the second half of 2027. The November 12 announcement covers eligible securities held by The Depository Trust Company, its depository subsidiary. Participants would gain another blockchain option for converting and moving those assets under existing service rules and compliance controls. DTCC

The expansion follows the October 28 launch of a service covering stocks, exchange traded funds and US Treasuries. Tokenized securities preserve the rights and economic benefits attached to their traditional counterparts. DTCC expects the connection to improve liquidity, collateral movement and capital use while linking established markets with blockchain infrastructure.

Solana Integration Expands DTCC Tokenization Service

According to the announcement, the Solana integration will support asset conversion and related token lifecycle functions. DTCC already operates the service across Canton and its private Besu network. Adding another chain gives participating firms more choice over where they hold and use digital representations. 

Chief Executive Frank La Salla said the connection would broaden access while retaining established market protections. He highlighted opportunities to improve liquidity and move collateral more efficiently. DTCC cited established network performance, security and governance features when explaining the planned connection.

Nick Ducoff, the Solana Foundation institutional business lead, linked the project to continuous financial activity. He said the network can support tokenized securities that settle and move around the clock. The service website currently describes continuous transfers between registered wallets on supported networks. 

For Solana, the planned connection would add access to infrastructure used by major banks, brokers and asset managers. The practical impact will depend on which participants use the network and how much activity they bring.

The existing service launched with 34 eligible securities, according to its product page. Twenty DTC participants had signed access agreements at launch, including Bank of America, Citi, Fidelity Investments, and JPMorgan. Additional firms can join as the operator continues onboarding participants. DTCC developed the system with input from more than 150 firms. 

Tokenized Securities Keep Ownership Rights and Safeguards

DTC reported more than $114 trillion in assets under custody when the service launched. Tokenization applies to eligible holdings that participating firms choose to convert. Tokens have one-for-one backing from securities held at the depository. 

Holders retain ownership rights, investor protections, and economic entitlements through the digital representation. Embedded compliance controls support oversight and near real time tracking of ownership. Smart contracts can automate selected compliance checks and controls over token distribution.

The service also uses a common security identifier across traditional and blockchain environments. This structure supports movement between the two forms while preserving a connection to existing market records. For institutions, that could reduce the need to manage separate pools of the same asset. 

On Solana, those features would extend an existing framework to another network. DTCC describes its approach as interoperable, with assets able to move across connected traditional and digital systems. The company expects the integration to support faster collateral transfers and more efficient capital deployment. 

Participants can convert tokenized securities back into conventional account holdings by sending instructions to DTC. The depository then removes the corresponding token and credits the securities to the participant account. This gives firms a route back to traditional holdings when their needs change.

The service follows a December 2025 SEC staff no-action letter covering a limited, voluntary securities tokenization pilot. The letter applies for three years from launch and sets conditions for participation and oversight.

The operator must provide detailed activity reports to SEC staff each quarter. Those reports cover token balances, transfers, registered wallets, supported networks and system outages. DTCC has also announced plans to connect the service with Stellar. That rollout targets the first half of 2027, ahead of the proposed Solana integration.