The Depository Trust & Clearing Corporation plans to connect its new tokenization service to Solana, with tokenized versions of DTC-held stocks, ETFs and Treasuries expected on the network in the second half of 2027. DTCC announced the plan on Thursday, about two weeks after the service went live on just two networks: the Canton Network and DTCC’s own private chain.
For Solana, it puts the chain on the roadmap of the firm at the center of U.S. securities settlement. For investors, the more useful detail is in the fine print: what the tokens are, who can hold them, and how far away the start date still is.
What DTCC announced
According to DTCC’s press release, the firm will link the DTCC Tokenization Service (DTS) to Solana’s layer-1 network so that eligible securities custodied at The Depository Trust Company, its depository subsidiary, can be converted into tokens on Solana. The integration is planned for the second half of 2027 and is expected to cover the conversion of eligible assets into tokenized form plus related token lifecycle functions.
“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,” DTCC chief executive Frank La Salla said in the release. Brian Steele, president of DTCC Clearing & Securities Services, said tokens made available on Solana will “retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities.”
The Solana Foundation, which also shared the news, framed it as a sign that its institutional push is working. “Institutions choose Solana because it already runs real financial activity at scale,” Nick Ducoff, the foundation’s general manager for institutional business, said in the release.
Where DTS stands today
DTS is new. DTC launched the service on Oct. 28, describing tokenized securities as “digital twins” that carry the same ownership rights and protections as the book-entry originals. DTC holds more than $114 trillion in assets under custody. At launch, 20 DTC participants had signed up, including Bank of America, BNP Paribas, Citadel Securities, Citi, Fidelity Investments, J.P. Morgan, Morgan Stanley, State Street and UBS.
The scope is narrow by design. An SEC no-action letter issued in December 2025 lets DTC tokenize Russell 1000 stocks, ETFs tracking major indexes and U.S. Treasury securities. DTCC’s service fact sheet says 25 securities were available to tokenize at launch, out of roughly $30 trillion in assets that could eventually qualify.
The same fact sheet listed Stellar and Circle’s Arc as the networks “anticipated in 2027,” plus additional layer-1 and layer-2 chains “aligned with client and market demand.” Solana now joins that 2027 list, and it is the first network DTCC has added in a press release since launch. The release does not say which token standard Solana tokens will use. The fact sheet gives CIP-56 for Canton, ERC-20 for Besu and Arc, and SEP-41 for Stellar.
What these tokens are, and are not
DTC-tokenized securities are not the same as the tokenized stocks retail traders can buy on crypto exchanges. The fact sheet describes them as compliance-enabled tokens with transfer restrictions, backed 1:1 by securities held at DTC, with the same CUSIP as the underlying security. Peer-to-peer transfers run 24/7, but only between DTC-registered wallets. Conversions between book-entry and token form only run during set hours on business days, and DTC keeps the official books and records.
In practice, that means access runs through DTC participants, the banks and brokers that already settle trades with DTCC. A Solana token for a Russell 1000 stock should not be expected to show up in a permissionless DeFi pool or a retail wallet without a registered intermediary. That is a different model from offshore tokenized-stock products that wrap shares without the issuer’s or DTC’s involvement, a gap that has drawn objections from listed companies, as seen with OKXICE’s growing objection list.
Why it matters for Solana
The announcement adds to a run of U.S. market-structure deals for public chains. Earlier this month, the New York Stock Exchange picked Avalanche to run the settlement ledger for its planned tokenized stock venue, as we reported in our story on NYSE and Avalanche. DTCC says its subsidiaries processed securities transactions worth $4.7 quadrillion in 2025, so being on its list carries weight with the banks and brokers that would actually hold these tokens.
The timeline cuts the other way. Nothing changes on Solana for at least seven months, and the go-live depends on the no-action letter’s limits, participant demand and DTCC’s own roadmap, which the fact sheet calls “indicative and subject to change.” SOL traded near $81.40 on Thursday, down about 3.6% over 24 hours according to CoinGecko, in line with a broad market decline rather than any visible reaction to the news.
Independent coverage from Decrypt matched DTCC’s account. Things to watch next: which token standard DTCC uses on Solana, whether eligible securities grow beyond the 25 at launch, and whether Stellar and Arc go live before Solana.
FAQ
When will DTCC tokenized securities be available on Solana?
DTCC said the integration is planned for the second half of 2027. It gave no specific date.
Can retail investors buy DTCC tokenized stocks on Solana?
Not directly. The tokens carry transfer restrictions and move only between DTC-registered wallets, so access runs through DTC participants such as banks and brokers.
Which other blockchains does the DTCC Tokenization Service use?
It went live on Oct. 28 on the Canton Network and DTCC’s private Besu network. Stellar and Circle’s Arc are listed for 2027, and Solana now joins them.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
