Key facts
- DTCC said the planned Solana connection covers eligible securities held by its subsidiary, the Depository Trust Company.
- DTCC CEO Frank La Salla said the integration would give financial firms "greater choice," citing liquidity and collateral mobility.
- Brian Steele, DTCC's head of clearing and securities services, said tokens will retain "the same investor protections, ownership rights and regulatory safeguards."
- DTCC said its assets under custody exceeded $114 trillion at the time the service launched.
- Eligible assets include selected Russell 1000 stocks, major index ETFs and US Treasury securities, per DTCC.
- The service launched on Besu on Canton's private network and is to expand to DTCC's private network in 2027.
DTCC announced on November 12 that it plans to extend its tokenization service to the Solana network in the second half of 2027, according to the Solana Foundation's announcement of the planned connection. The service covers eligible securities owned by the Depository Trust Company, a DTCC subsidiary, and would let participating institutions convert traditional securities into tokens and manage their lifecycle on Solana.
DTCC CEO Frank La Salla said the integration would give financial firms "greater choice," citing liquidity, collateral mobility and capital efficiency as potential benefits. Brian Steele, DTCC's head of clearing and securities services, said tokens will retain "the same investor protections, ownership rights and regulatory safeguards." Solana Foundation executive Nick Ducoff called the network infrastructure for "always-on markets" and said the connection will facilitate settlement and transfer of tokenized securities onchain.
The plan follows DTCC's October 28 launch of the tokenization service with an initial offering of 34 securities. The service started on Besu on Canton's private network and is to be expanded to DTCC's private network in 2027. At launch, 20 institutions had signed access agreements, including JPMorgan, Morgan Stanley, Citi, Fidelity and UBS, and DTCC said its assets under custody exceeded $114 trillion at the time.
DTCC said the service lets participants transfer eligible tokenized holdings between registered digital wallets. The launch followed a December 2025 SEC staff no-action letter on DTC's three-year tokenization pilot, and eligible assets include selected Russell 1000 stocks, major index ETFs and US Treasury securities.