The Depository Trust & Clearing Corporation (DTCC) plans to bring its tokenized securities to Solana. In a press release on 12 November 2026, DTCC said it will connect the DTCC Tokenization Service (DTS) to Solana's main network so that eligible assets held at its depository, The Depository Trust Company (DTC), can be tokenized there. DTC-tokenized assets are expected to be available on Solana in the second half of 2027.
DTCC sits at the centre of US securities markets, as plumbing most investors never see. Its subsidiaries clear and settle trades, and DTC holds the securities behind them: in 2025, DTCC's subsidiaries processed securities transactions worth $4.7 quadrillion, and its depository provided custody and asset servicing for securities valued at $114 trillion, according to the release.
What DTCC announced for Solana
DTCC's release says the Solana integration is "planned for the second half of 2027" and is expected to support "rapid conversion of eligible traditional assets into tokenized form and related token lifecycle functionality." In practice, that means a firm holding a security at DTC would be able to turn its position into a token on Solana, and DTC would handle the events a security goes through during its life on-chain as well.
DTCC's own X account framed the move as advancing its "multi-chain strategy" and "expanding network choice for market participants." Frank La Salla, DTCC's president and CEO, said in the release that DTCC is "bringing regulated, DTC-tokenized securities to another major blockchain ecosystem," with the aim of "expanding opportunities for liquidity, collateral mobility and capital efficiency."
How the DTCC Tokenization Service works today
DTS went live on 28 October 2026. In its launch release, DTCC described the tokens as "digital twins" of securities held at DTC that "retain the ownership rights, investor protections and economic entitlements of their traditional counterparts." Firms can convert positions between their traditional and tokenized forms and deliver the tokens to digital wallets of their choice.
The scope of what can be tokenized comes from regulators. In December 2025, DTC received a no-action letter from the US Securities and Exchange Commission allowing it to tokenize Russell 1000 stocks, exchange-traded funds that track major indices, and US Treasury securities, the launch release says.
At launch, 34 securities were eligible, representing about $30 trillion in market value, a DTCC spokesperson told CoinDesk. CoinDesk also reported that firms can convert securities into tokens during business hours, with DTCC targeting processing times of 15 minutes or less, and that the tokens can then move between registered wallets around the clock, subject to compliance restrictions.
Twenty DTC Participants had signed agreements to use the service at launch, according to DTCC. They include J.P. Morgan, Citi, Morgan Stanley, Bank of America, Fidelity Investments, State Street, Citadel Securities, Alpaca and DriveWealth. DTCC also named Ondo USDY$1.15+0.3% among the collaborators and partners around the service.
Solana joins Canton, Besu, Stellar and Arc on DTCC's network list
DTS runs today on two networks: the public Canton Network and DTCC's own private Besu network. The launch release said more blockchains would be added in 2027, and CoinDesk reported that Stellar and the Arc blockchain built by Circle USDC$1.000+0.0% are next on the roadmap.
Ledger Insights reported that Stellar is expected in the first half of 2027 and Arc in the second half, the same window as Solana. The trade publication also noted that DTCC has not announced support for Ethereum mainnet, and pointed to Solana's existing tokenized stock market and stablecoin liquidity as context for Solana being named first.
Nadine Chakar, global head of DTCC Digital Assets, described the choice in the release: "DTCC is committed to providing an open and connected platform that provides our users with access to mature distributed ledger technology networks like Solana that have established performance, security and governance features."
DTC-tokenized securities and Solana's existing tokenized stocks
Solana already carries a sizeable tokenized stock market, issued by companies such as xStocks AAPLx$359.33+1.7%, Backpack Securities and Ondo under their own legal structures. It is moving toward regulated venues too: on 9 November 2026, Formation Securities told the SEC it plans to run a tokenized securities venue on Solana, and xStocks added more than 200 UK and EU stocks with Solana among its chains.
Index-tracking ETFs, one of the asset types DTS can tokenize, already have a following on Solana through other issuers' tokens. xStocks' S&P 500 tracker SPYx had more than 90,000 holder accounts and a market value of about $73 million on 12 November 2026, according to Solana Compass token data.
DTC's tokens would come from a different place in the chain of ownership. They are issued by the depository that already holds the securities, and DTC keeps the official ownership record as the tokens move between wallets, according to CoinDesk's report on the launch. Brian Steele, president of DTCC Clearing & Securities Services, said in the release that DTC-tokenized assets on Solana "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities."
Until the Solana connection goes live, trading DTC tokens on Solana would require a wrapping service, Ledger Insights noted.
The plan lands days after the Solana Research Institute published a report on how much exchange, clearing and depository revenue could move onchain. DTCC's own move is to put the depository's own tokens on public chains, Solana among them, next to the tokens outside issuers already offer.
What the Solana Foundation said about the DTCC plan
Nick Ducoff, GM, Institutional at the Solana Foundation, said in the release that the connection links "one of the most trusted names in post-trade infrastructure with a network built for always-on markets, enabling tokenized securities to settle and move as easily as any other asset on-chain." The Foundation promotes Solana to institutions, so the statement comes from an interested party.
Writing on X, Ducoff added that the move "signals to the whole industry that tokenized securities are becoming real market infrastructure, not just a pilot." Research from outside the Foundation has also looked at Solana as market infrastructure: earlier in November, Fidelity Digital Assets compared Solana's weekly trade count with the major US stock exchanges'.
What to watch before DTC tokens reach Solana in 2027
The integration is about a year away, and several details will decide what it means for Solana users:
- which of DTS's eligible securities DTCC makes available on Solana, and how many of the participating firms take them there;
- whether the registered-wallet and compliance rules that apply on DTCC's live networks carry over to Solana, which would determine whether DTC tokens can be used in Solana DeFi apps or stay within approved wallets;
- which Solana token standard and issuance setup DTC uses;
- whether Stellar and Arc arrive on the dates reported, as an early read on DTCC's rollout pace.
