Solana news: Wall Street giant DTCC to expand tokenization to blockchain in 2027 - CoinDesk

The Depository Trust & Clearing Corporation (DTCC), the Wall Street infrastructure giant behind much of U.S. securities trading, will bring its tokenization service to Solana in the second half of 2027. The integration will allow eligible stocks, exchange-traded funds and U.S. Treasuries held at DTCC's subsidiary, the Depository Trust Company (DTC), to be converted into blockchain-based tokens on Solana.

Expanding Blockchain Networks

The move expands DTCC's growing lineup of blockchain networks. Its tokenization service went live late October on Canton Network (CC) and DTCC's private blockchain Besu, with Stellar XLM and Circle's Arc also on the roadmap for next year. DTCC sits at the center of how U.S. markets operate and holds $114 trillion in securities for banks and brokerages through its DTC subsidiary.

Tokenization Benefits

The service launched with 34 eligible securities representing roughly $30 trillion in assets, though that figure reflects securities available for tokenization rather than assets already on a blockchain. Tokenization promises to make traditional securities easier to move and use as collateral, including outside normal market hours. Citi estimates the tokenized asset market could reach $5.5 trillion by 2030.

Solana's Position

Solana's $600 million worth of stock tokens on the network trails only BNB Chain and Ethereum among blockchain networks. It is also the second most-active by transfer volume with over $11 billion in tokens changing hands this month. However, most of the activity is linked to synthetic stock tokens, which do not provide the same shareholder rights as the underlying assets.

Unlike synthetic stock tokens that dominate Solana's tokenized stock activity, the securities tokenized through the service will retain their existing ownership rights, investor protections and regulatory safeguards, DTCC said.