DTCC to Bring Tokenized Stocks and Treasuries to Solana in 2027

The Depository Trust & Clearing Corporation (DTCC), the backbone of U.S. securities settlement, announced plans to connect its tokenization service to the Solana network. This integration will allow eligible assets held by its Depository Trust Company (DTC) subsidiary to be converted into tokens on Solana, with the rollout expected in the second half of 2027.

The DTCC Tokenization Service (DTS) went live on October 28 on the Canton Network and DTCC's own private blockchain, built on the Besu framework. The service creates tokenized "digital twins" of securities held at DTC, which custodies more than $114 trillion in assets.

Tokenized Assets

Under a no-action letter from the SEC, the service is limited to a defined set of highly liquid assets, including Russell 1000 stocks, ETFs tracking major indexes, and U.S. Treasuries. Morgan Stanley confirmed last week it had already tokenized U.S. stocks and Treasuries through the service.

Tokens issued on Solana "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities," according to Brian Steele, president of DTCC Clearing & Securities Services. Solana joins Stellar and Circle's Arc blockchain, which are also expected to be added to the service in 2027.

Solana's Institutional Push

Solana has been actively courting traditional finance institutions in recent months. The network completed its Alpenglow upgrade, cutting transaction finalization time to roughly 150 milliseconds, and unveiled an open standard for institutional settlement developed with input from J.P. Morgan.

Trading platform Formation has notified the SEC of plans to trade tokenized U.S. stocks on Solana, starting with Galaxy and Forward Industries. "Institutions choose Solana because it already runs real financial activity at scale," said Nick Ducoff, head of institutional at the Solana Foundation.