DTCC Unveils Plan to Tokenize $100T+ Securities on Blockchain

DTCC is making significant strides in tokenizing real-world securities, with over 50 major financial firms participating in its efforts. The Depository Trust Company (DTC), a subsidiary of DTCC, has been granted a No-Action Letter by the U.S. Securities and Exchange Commission to develop a tokenization service for certain assets held at DTC. This initiative aims to bring regulated stocks, ETFs, and U.S. Treasuries onto blockchain infrastructure with 24/7 access.

The new service will allow institutional participants to move assets between traditional book-entry form and tokenized form, addressing the challenge of integrating regulated financial markets with blockchain liquidity while maintaining regulatory compliance. The initial assets included in this pilot program are high-liquidity instruments such as stocks, ETFs that follow major indexes, and U.S. Treasury bills, notes, and bonds.

DTCC's objective is not to supplant market infrastructure but rather use it as a template to adopt it onto blockchain networks while preserving ownership rights and investor protections for securities. The platform will eventually be ready to start production in the second half of 2026.