DTCC Plans to Make Tokenized Assets Available on Solana in Second Half of 2027
Key Facts
The U.S. Depository Trust & Clearing Corporation (DTCC) announced plans on November 12, 2026, to connect its asset tokenization service to the Solana network, allowing eligible assets held at its depository subsidiary, DTC, to be tokenized. DTCC said the planned integration expands access options for tokenized assets through another network as part of a multi-network strategy. The organization is targeting the availability of these assets on Solana in the second half of 2027. The connection is expected to support the conversion of eligible traditional assets into tokens and functions related to the token lifecycle. DTCC Chief Executive Frank La Salla said the connection gives participants "broader choices about where they access and use tokenized assets, while maintaining the protections of traditional markets."
The Solana plan follows the launch of DTCC's service on October 28, which is currently connected to the Canton public network and DTCC's private Besu network. The announcement adds a new pathway to an existing service, while the target date for the Solana integration remains the second half of 2027. DTCC announced a separate plan in June to work with Stellar, targeting the availability of tokenized assets in the first half of 2027. This timeline puts the service's expansion across more than one network into different phases. The announcement does not mean the assets will be available for immediate trading on Solana; it concerns connecting the service and the capabilities to convert eligible assets and support token functions.
According to DTCC, tokens issued through the service retain the ownership rights, investor protections and economic entitlements of the corresponding traditional securities. The tokens represent securities held at DTC, and their entitlements can be converted between traditional and tokenized forms, then sent to digital wallets chosen by users. This means the announced design links a token to an asset held by the depository while retaining the rights associated with the corresponding security. Eligible assets authorized for tokenization under a no-action letter from the U.S. Securities and Exchange Commission include Russell 1000 company shares, exchange-traded funds tracking major indexes and U.S. Treasury securities. The Solana plan targets the availability of eligible assets and token lifecycle functions, while the announcement did not specify which particular assets would be available on the network when integration begins.
DTCC began testing tokenized transactions before the Solana announcement; on July 15, 2026, it processed production trades using assets converted into tokens, with more than 30 firms participating. The digital conversions were carried out on Besu, DTCC's private network, and Canton, a public network. The organization then launched its tokenization service on October 28, connecting it to those two networks when it announced the new plan. The move from trades involving participating firms to a launched service reflects a gradual expansion of the infrastructure. The Solana connection adds a targeted third network to this effort, according to the timeline set by DTCC.
DTCC said 20 DTC participants had signed agreements to access the service by its launch on October 28, including JPMorgan, Morgan Stanley, State Street and UBS. The organization developed the service with contributions from more than 150 firms in DTC's Digital Assets Solutions Working Group. The number of signatories indicates that financial institutions are among those that agreed to access the service, while a broader group contributed to its development. The Solana announcement did not specify how many participants are expected to use the new integration or when additional agreements might be signed. The signing and participation figures relate to the service's October launch, not the Solana phase planned for 2027.
The service is based on assets held by DTC, which DTCC said had more than $114 trillion in assets under custody when it announced the service's launch on October 28, 2026. In December 2025, DTC received a no-action letter from the U.S. Securities and Exchange Commission authorizing the tokenization of Russell 1000 shares, exchange-traded funds tracking major indexes and U.S. Treasury securities. The letter sets out the framework for the assets that may be covered by the service, according to DTCC's announcement. In 2025, DTCC subsidiaries processed $4.7 quadrillion in securities transactions, while its depository unit provided custody and asset servicing for securities from more than 150 countries and territories, valued at $114 trillion. These figures provide context for the scale of the organization's operations as it seeks to expand its tokenization service across additional networks.
The next announced target is the second half of 2027 for making tokenized assets available through Solana, while DTCC's separate plan with Stellar targets the first half of the same year. La Salla said a multi-network approach gives participants broader choices for using tokenized assets while maintaining the protections of traditional markets, and expands opportunities for liquidity, collateral mobility and capital efficiency. The direction follows the service's operation on Canton and Besu and its launch in October. DTCC did not specify a more precise date within the second half of 2027 or which assets would be available first on Solana. The announced framework remains a planned integration to support token conversion and functions related to their lifecycle.