The Depository Trust & Clearing Corporation (DTCC) is making significant strides in its efforts to tokenize securities. The clearing giant has announced plans to launch a tokenized securities platform in October, following a pilot phase in July.
The move marks one of the most concrete timelines yet from a core piece of market infrastructure moving into blockchain-based settlement. DTCC sits at the center of U.S. markets, processing trillions of trades daily and serving as custodian of over $114 trillion in securities.
DTCC has been gradually building towards this moment, testing distributed ledger systems for years and joining projects like the Canton Network (CC). In December, it obtained a no-action letter from the SEC, allowing it to offer tokenization services for a defined set of assets, including Russell 1000 stocks, ETFs, and U.S. Treasuries.
The system is being shaped with input from over 50 firms, including major financial institutions like BlackRock, Goldman Sachs, and JPMorgan, as well as crypto-native companies like Anchorage and Circle.