DTCC Set to Launch Tokenization Service for $114 Trillion of Assets in October

DTCC prepares to launch a tokenization service covering $114 trillion in assets, including U.S. stocks,

The Depository Trust & Clearing Corporation (DTCC) is preparing to launch its tokenization service in October, bringing blockchain-based representations of assets held by its depository subsidiary, the Depository Trust Company (DTC), into the financial market infrastructure.

Coin Bureau reported the development in a post on X, citing the timeline confirmed by DTCC CEO Frank La Salla. The service is designed to cover assets valued at about $114 trillion under DTC custody. DTCC has already conducted live production trades involving tokenized securities, with more than 30 firms participating in the July initiative.

DTCC Tokenization Service Targets Major U.S. Securities

The initial service will cover a defined group of highly liquid securities, including Russell 1000 stocks, major index-tracking ETFs and U.S. Treasury bills, bonds and notes. DTC received a no-action letter from the U.S. Securities and Exchange Commission in December 2025 allowing it to operate the tokenization service under specified conditions.

DTCC's framework is designed to create tokenized representations of securities already held at DTC rather than separate digital assets. According to DTCC, the tokenized versions are intended to retain the same ownership rights, investor protections and entitlements associated with the underlying securities.

The service is also designed to allow eligible tokenized assets to move between approved digital wallets and blockchain-based environments. DTCC says its infrastructure is being developed to support interoperability, asset mobility and 24/7 access across approved networks.

More Than 100 Firms Join Industry Working Group

The project has attracted participation from a broad group of traditional financial institutions and digital-asset companies.

DTCC said in July that its industry working group had grown to more than 100 members and partners. Participants include major financial firms such as BlackRock, Goldman Sachs and JPMorgan, alongside exchanges, custodians, blockchain infrastructure companies and other market participants.

The working group was initially formed with more than 50 firms in May, as DTCC sought industry input on the design and operational requirements of its tokenization service. Its membership has since expanded to more than 100 organizations across traditional finance and digital markets.

July Trades Marked Production Test

In July, DTCC successfully converted DTC-held securities into tokenized forms and used them in real production trades. More than 30 firms participated in transactions covering use cases including collateral pledges, securities lending, Treasury repo delivery-versus-payment transactions and equity transfers.

The transactions were conducted across DTCC's private Besu-based network and the Canton Network, forming part of a broader multi-chain strategy.

With the production testing completed and the working markets group expanded beyond 100 members and partners, DTCC's tokenization service is now scheduled for its October 2026 launch.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.