DTCC plans to make eligible U.S. securities available as tokens on Solana in the second half of 2027, the company announced on November 12, 2026. Its tokenization service launched on October 28 with 25 securities. DTCC’s fact sheet puts the broader pool of assets available to tokenize at about $30 trillion. The Solana connection will let firms move securities within DTCC’s regulated system, subject to an SEC limit on eligible assets.
DTCC holds and processes U.S. securities through its Depository Trust Company subsidiary, or DTC. The tokenization service creates digital versions of securities held at DTC, backed one-for-one by those holdings. It operates under an SEC no-action letter, which sets conditions under which SEC staff will not recommend enforcement action. Eligible assets are limited to Russell 1000 stocks, selected exchange-traded funds that hold baskets of securities, and U.S. Treasury bills, notes and bonds. DTCC plans to expand the selection within those categories over time.
DTCC CEO Frank La Salla said the Solana connection would give firms another network on which to use the securities:
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 while preserving the protections of traditional markets and expanding opportunities for liquidity, collateral mobility and capital efficiency.
Frank La Salla, DTCC president and CEO
DTC keeps the official ownership records. Tokens carry the same rights and investor protections as securities held in its conventional records. Registered wallets can transfer tokens between one another around the clock. Firms can submit orders to convert securities into tokens from 2 a.m. to 6 p.m. Eastern on business days. DTCC says its service targets 15 minutes or less to process those orders.
DTCC’s fact sheet says Treasury payments for distributions and maturities go to participants’ traditional accounts in regular currency. Solana joins a planned 2027 network expansion that includes Stellar and Circle’s Arc.
