The Depository Trust & Clearing Corporation (DTCC) said on 12 November 2026 that it will connect its DTCC Tokenization Service (DTS) to the Solana network, with a target window of the second half of 2027. Tokenised versions of eligible assets held at its subsidiary, The Depository Trust Company (DTC), would then be available on Solana.
DTCC said tokens issued through the service will carry the same ownership rights and regulatory protections as securities held in traditional form. The service represents DTC-held securities as digital twins and supports conversion back to traditional form.
CHOICE OF NETWORK
DTCC President and Chief Executive Officer Frank La Salla said the move gives market participants more choice in where they access tokenised assets while preserving traditional market protections. He also pointed to liquidity and capital efficiency as benefits.
Nick Ducoff, general manager of institutional at the Solana Foundation, said Solana already supports active financial use at scale, and that linking it to DTCC's service lets tokenised securities settle and move like any other on-chain asset.
WHAT LAUNCHED IN OCTOBER
The Solana plan follows the DTS launch on 28 October 2026 on two networks: the Canton Network and DTCC's own private network built on Besu. At launch the service included 34 eligible securities, and 20 participants signed up in the initial cohort.
Those securities were drawn from an approximately $30 trillion subset of DTC's custody holdings, inside DTCC's broader $114 trillion asset base. They are mostly highly liquid instruments: constituents of the Russell 1000 index, major ETFs and US Treasuries.
The list of eligible assets reflects the limits set by an SEC no-action letter issued in December 2025, which authorises the service for a three-year period with defined caps on which assets qualify. DTCC's subsidiaries processed $4.7 quadrillion in securities transactions in 2025, and its depository unit held custody of more than $114 trillion in securities, according to the company.
MORE CHAINS IN 2027
Solana is not the only network DTCC is adding. The company has also planned integrations with Stellar and Circle's Arc network, and expects to make the service available on Stellar in the first half of 2027.
THE TGB VIEW
The service starts small next to the US banking system: the first DTS cohort counted 20 participants, while the 18 US institutions with assets above US$250bn held 64% of the US$26.5tn of industry assets at end-June 2026. The 34 eligible securities and the SEC relief's three-year term and caps on qualifying assets limit the service to a narrow set of assets. The dates to watch are Stellar in the first half of 2027 and Solana in the second half.
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