DTCC advances tokenization, converting traditional securities into digital assets, fostering new liquidity and market integration.
The Depository Trust & Clearing Corporation (DTCC) has launched a service designed to bring tokenized securities into traditional financial markets, allowing eligible users to convert securities held by The Depository Trust Company (DTC) into tokenized representations and deliver them to digital wallets.
Announced on Oct. 28, the DTCC Tokenization Service (DTS) preserves the ownership rights, investor protections and economic entitlements of the underlying securities. The launch extends DTCC’s established market infrastructure into digital markets, with DTC holding more than $114 trillion in assets under custody.
Twenty DTC participants have signed agreements to use DTS, including major financial institutions such as Bank of America, BNP Paribas, Citi, JPMorgan, Morgan Stanley, State Street and UBS.
The service was developed with input from more than 150 firms and is intended to support transactions across traditional and tokenized markets. DTS currently connects to the Canton Network and DTCC’s private Besu network, while additional blockchain integrations are planned for 2027.
DTCC has also brought together wallet providers, applications and technology firms to expand connectivity across the digital asset ecosystem.
The rollout follows a series of regulatory and industry milestones. DTC received a no-action letter from the US Securities and Exchange Commission in December 2025 permitting tokenization of Russell 1000 constituents, ETFs tracking major indices and US Treasury securities.
DTCC and more than 30 firms subsequently completed initial limited-production trades and multiple onchain transactions.
