Key facts
- DTC's tokenization services convert eligible securities into digital tokens on a blockchain-based platform.
- Twenty major Wall Street institutions, including JPMorgan and Fidelity, have joined the service.
- The service aims to enhance liquidity and enable faster collateral mobilization.
- The U.S. Securities and Exchange Commission issued a no-action letter in December 2025 for the tokenization program.
- The service initially operates on the Canton Network and DTCC's Besu blockchain.
The Depository Trust & Clearing Corporation (DTCC) has launched its DTCC Tokenization Service (DTS), enabling major Wall Street institutions to convert eligible securities into digital tokens. Twenty clients, including JPMorgan, Morgan Stanley, Bank of America, Barclays, Citi, and Fidelity Investments, have signed up for the service, which operates on the Canton Network and DTCC’s private Besu blockchain. DTC, a subsidiary of DTCC, holds over $114 trillion in assets under custody and aims to enhance liquidity and enable faster collateral mobilization through tokenization. The launch follows a December 2025 no-action letter from the U.S. Securities and Exchange Commission for the program. DTCC completed limited-production transactions with over 30 financial firms in July.