DTCC Tokenization Service to connect with Solana, advancing multi-chain strategy and expanding access to leading blockchain networks
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has announced plans to enable the tokenization of eligible The Depository Trust Company (DTC)-custodied assets on Solana.
Connecting the DTCC Tokenization Service (DTS) to Solana’s L1 network, a high-performance blockchain network that enables fast and secure digital transactions, further advances DTCC’s commitment to deliver an interoperable financial ecosystem where assets can move seamlessly across and between traditional infrastructure and multiple blockchain networks.
DTS launched on Oct. 28. The integration with Solana, which is expected to support rapid conversion of eligible traditional assets into tokenized form and related token lifecycle functionality, is planned for the second half of 2027.
“DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice in where they access and utilize tokenized assets while preserving the protections of traditional markets and expanding opportunities for liquidity, collateral mobility and capital efficiency,” said Frank La Salla (pictured above), President and Chief Executive Officer of DTCC.
“The DTCC Tokenization Service connects traditional market liquidity with digital asset ecosystems through secure, interoperable and market-neutral infrastructure,” said Brian Steele, Managing Director, President of DTCC Clearing & Securities Services. “DTC-tokenized assets made available on Solana – and all blockchain networks integrated with the service – will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities.”
“Interoperability is the essential bridge to creating scalable, resilient and liquid digital markets,” said Nadine Chakar, Managing Director, Global Head of DTCC Digital Assets. “DTCC is committed to providing an open and connected platform that allows our users access to mature distributed ledger technology networks like Solana that have established performance, security and governance features.”
“Institutions chose Solana because it already runs real financial activity at scale. Bringing the DTCC Tokenization Service to Solana connects one of the most trusted names in post-trade infrastructure with a network built for always-on markets, enabling tokenized securities to settle and move as easily as any other asset onchain,” said Nick Ducoff, GM, Institutional, Solana Foundation.
