The heart of US post-trade infrastructure has just picked another public blockchain. The Depository Trust & Clearing Corporation (DTCC) announced on Thursday (12) that it will bring its tokenization service to Solana in the second half of 2027, allowing eligible stocks, ETFs and US Treasury securities held in custody by its subsidiary, the Depository Trust Company (DTC), to be represented as tokens on the network.
Why it matters
The DTC handles US$ 114 trillion in securities for banks and brokers. The tokenization service went live in late October on the Canton Network and on DTCC's private Besu-based blockchain, with 34 eligible assets worth about US$ 30 trillion. That figure reflects the universe of assets eligible for tokenization, not the volume already recorded on-chain. Stellar and Circle's Arc network were already on the 2027 roadmap; Solana now joins them.
The key point for the institutional market: according to DTCC, the tokenized securities preserve existing ownership rights, investor protections and regulatory safeguards. That sets them apart from the synthetic stock tokens that currently dominate activity on Solana and confer no shareholder rights.
The market in numbers
- Solana holds about US$ 600 million in stock tokens, behind only BNB Chain and Ethereum, and is the second most active network by transfer volume, with more than US$ 11 billion this month, according to RWA.xyz data cited by CoinDesk.
- Citi estimates that the market for tokenized assets, including stocks, could reach US$ 5.5 trillion by 2030.
Implications
DTCC's multi-chain strategy signals that traditional market infrastructure does not intend to bet on a single blockchain, but rather to take regulated assets to where the liquidity is. For banks, asset managers and custodians, including in Latin America, the move reinforces the trend toward mobile collateral and settlement outside conventional hours, with the still-open challenge of processing corporate actions (dividends, buyback offers) in tokenized markets, an issue CEO Frank La Salla had already put on the agenda in May.