DTCC Aims to Offer Securities Tokenization on Solana in Second Half of 2027

The Depository Trust & Clearing Corp. plans to expand its securities tokenization service to the Solana blockchain.

DTCC said on Nov. 13 that it will support the tokenization on Solana of eligible securities held by its subsidiary, The Depository Trust Co. The target date for the rollout is the second half of 2027.

DTCC is a core financial market infrastructure provider responsible for clearing, settlement and depository services in the US securities market. Securities held and managed by DTC totaled about $114 trillion as of last year.

DTCC launched the securities tokenization service on Oct. 28. The service supports the conversion of eligible securities, including stocks, exchange-traded funds and US Treasuries, into blockchain-based tokens.

Expanding the service to Solana would broaden market participants' options for using tokenized assets, DTCC Chief Executive Officer Frank La Salla said. It would also improve liquidity, collateral mobility and capital efficiency.