The Depository Trust & Clearing Corporation announced plans to connect its Tokenization Service to Solana, allowing eligible assets custodied by its Depository Trust Company subsidiary to be issued as tokens on the network. The integration is scheduled for the second half of 2027 and forms part of a broader multi-chain expansion.

DTCC’s Tokenization Service went live on October 28 on the Canton Network and the firm’s private blockchain built on the Besu framework. The service creates digital representations of securities already held at DTC, which provides custody and asset servicing for holdings valued at more than $114 trillion. Eligible assets under the current regulatory framework include stocks in the Russell 1000 index, major index-tracking ETFs, and U.S. Treasuries.

Tokens issued through the service on Solana will carry the same investor protections, ownership rights, and regulatory safeguards that apply to conventionally held securities. Participants can convert eligible holdings into token form and manage related lifecycle events on the connected networks.

At launch, more than 20 institutions had signed access agreements, among them JPMorgan, Morgan Stanley, Citi, Fidelity, and UBS. Morgan Stanley has already used the service to create tokenized versions of U.S. stocks and Treasuries. The initial set of supported securities numbered 34.

Multi-Chain Expansion Strategy

Solana joins a list of networks DTCC intends to support. Stellar and Circle’s Arc blockchain are also targeted for integration during 2027. The firm has described the approach as an effort to create an interoperable environment in which assets can move between traditional systems and multiple distributed ledgers.

The service operates under a no-action letter from the Securities and Exchange Commission that limits the program to a defined set of highly liquid instruments for an initial three-year pilot period.

Solana Institutional Activity

Solana Foundation executives positioned the planned connection as a link between established post-trade infrastructure and a network already handling institutional-scale activity. Nick Ducoff, general manager of institutional business at the Solana Foundation, stated that institutions are already issuing, settling, and deploying capital on the network.

The network has pursued additional institutional settlement standards developed with input from major banks and recently completed a major protocol upgrade that reduced transaction finality times. Separate platforms have also moved to list tokenized U.S. equities on Solana under existing regulatory frameworks.

DTCC processes securities transactions valued in the quadrillions of dollars annually through its subsidiaries and maintains a global footprint supporting broker-dealers, custodians, and asset managers. The tokenization initiative represents a deliberate extension of that infrastructure into digital asset environments while retaining existing regulatory and operational controls.