DTCC Plans to Make Eligible Tokenized Assets Available on Solana in Second Half of 2027
Key Facts
On November 12, 2026, DTCC announced plans to enable tokenization of eligible assets held at its subsidiary, the Depository Trust Company (DTC), on the Solana network. The institution said tokenized assets are expected to become available on the network in the second half of 2027, without specifying a more precise date. The move expands the DTCC Tokenization Service to a Layer 1 network, following the service’s launch on other networks. Covered assets will be limited to those eligible assets held at DTC as determined by the service. The Solana announcement did not name specific categories of securities that will be available on the network.
DTCC said connecting the service to the Solana network will support the rapid conversion of eligible traditional assets into tokens, as well as token lifecycle functions. The service allows eligible users to create tokenized representations of entitlements to real-world assets held at DTC. Securities entitlements can be converted between traditional and tokenized forms, then sent to digital wallets selected by users. This means the announcement focuses on providing tokenized representations and their functions; it does not say the service will settle assets on Solana. Nor did it say the assets will be available to all network users.
The DTCC Tokenization Service launched on October 28, 2026, connected at launch to the Canton network and DTCC’s private Besu network. The institution said additional blockchain networks will be added during 2027, making the planned Solana connection part of the service’s expansion after launch. 20 DTC participants signed agreements to access the service at launch, with additional users expected to join over time. The expansion gives participants another network option for accessing and using tokenized assets. DTCC said multiple options could broaden opportunities for liquidity, collateral mobility and capital efficiency.
DTCC emphasized that securities tokenized on Solana will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities. U.S. Securities and Exchange Commission Commissioner Hester Peirce said any DTC participant with a registered wallet will be able to transfer its tokenized entitlement directly to the registered wallet of another DTC participant. This condition places access and transfer within the framework of participants and registered wallets, rather than making them openly available to network users generally. On December 11, 2025, the SEC’s Division of Trading and Markets issued a no-action letter concerning DTC’s voluntary program to tokenize entitlements to eligible securities on networks that meet its technical standards. Peirce described it as a pilot program subject to various operational restrictions and a gradual step toward moving markets on-chain.
A rule filing submitted by NYSE Texas stated that DTC’s pilot program will run for three years after launch. The document, as part of the exchange’s proposal, defined securities eligible for tokenized trading as Russell 1000 index stocks and ETFs tracking major indexes. Those details concern the proposed program’s framework, while DTCC’s Solana announcement did not name specific security categories available on the network. DTCC’s service page says 34 securities were available for tokenization at launch and that assets held in custody at DTC total about $30 trillion. The institution also says tokens issued by DTC carry the same legal rights, economic interests and protections as the underlying securities.
Nick Ducoff of the Solana Foundation said the integration connects a trusted name in post-trade infrastructure with a network designed for continuous markets, allowing tokenized securities to move on-chain as easily as other assets. The two parties’ statements frame the connection as broadening access options for tokenized assets while retaining the controls that link them to traditional markets. Across DTCC’s operations, its subsidiaries processed $4.7 quadrillion in securities transactions in 2025. Its depository subsidiary provided custody and asset servicing for securities from more than 150 countries and territories, valued at $114 trillion that year. DTCC said its Global Trade Repository service processes more than 25 billion messages annually.