DTCC plans to bring tokenized securities to Solana in 2027
In this news:
Key takeaways
- DTCC targets the second half of 2027 to integrate Solana.
- The move expands DTCC's multi-chain tokenization strategy.
- Tokenized assets retain traditional ownership rights and protections.
DTCC targets Solana for tokenization expansion
The Depository Trust & Clearing Corporation (DTCC) has targeted the second half of 2027 to bring eligible DTC-custodied assets to Solana through its Tokenization Service, expanding its multi-chain strategy.
The planned integration will connect Solana’s layer 1 network to DTCC’s Tokenization Service, allowing eligible traditional assets to be converted into tokenized form and supporting related token lifecycle functions.
Background on the tokenization service
DTCC’s Tokenization Service, launched on October 28, provides eligible DTC participants with a way to tokenize select securities held in the depository and move them between traditional and blockchain-based environments. The tokenized representations retain the underlying securities’ ownership rights, investor protections and economic entitlements.
DTCC expects the infrastructure to improve capital efficiency by facilitating asset mobility, connecting liquidity across traditional and digital markets, and enabling faster collateral transfers.
Initial rollout and executive comments
The service went live with 34 eligible securities, including stocks, exchange-traded funds and US Treasuries, and 20 participants had signed access agreements. Initial network integrations included Canton and DTCC’s private Besu network.
President and CEO Frank La Salla said the Solana integration would give market participants more choice in accessing and using tokenized securities while preserving traditional market protections.
Solana Foundation’s institutional business lead Nick Ducoff said the connection would bring DTCC’s established post-trade infrastructure to a network designed for high-volume financial activity and continuous markets.
Source: cryptobriefing.com
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