The Depository Trust & Clearing Corporation (DTCC) will begin limited production trades of tokenized securities in July, aiming for a full platform launch in October. The service targets assets like Russell 1000 stocks, ETFs, and U.S. Treasuries, backed by input from over 50 firms including BlackRock and JPMorgan. DTCC, custodian of $114 trillion in securities, secured SEC no-action relief in December to enable this move.
DTCC announced plans on Monday for its first tokenized asset trades in July, followed by a broader platform rollout in October. The service, integrated into its Depository Trust Company, lets firms issue digital versions of custodied assets while preserving ownership rights and protections. It has been developed with contributions from major players like BlackRock, Goldman Sachs, JPMorgan, Anchorage, and Circle, as well as other firms totaling more than 50 participants. Frank La Salla, DTCC President and CEO, said, 'We believe tokenization will significantly change how markets work and operate, bringing new levels of liquidity, transparency and efficiency to investors.' The initiative follows a December no-action letter from the SEC, clearing limited use across equities and Treasuries. DTCC processes trillions of trades daily as a core U.S. market infrastructure provider. The push aligns with broader Wall Street efforts, including Nasdaq's blockchain share framework eyeing a 2027 launch and Intercontinental Exchange's tokenized stock plans via OKX. Tokenization aims to shorten settlement times, lower costs, and broaden market access, according to advocates.
