DTCC to Bring Tokenized Stocks and Treasuries to Solana in 2027

The Depository Trust & Clearing Corporation (DTCC), the backbone of U.S. securities settlement, plans to bring its tokenized securities to Solana, it announced on Thursday.

The firm will connect the DTCC Tokenization Service (DTS) to the Solana network, allowing eligible assets held by its Depository Trust Company (DTC) subsidiary to be converted into tokens on Solana. The integration 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," DTCC CEO Frank La Salla said.

DTS went live on October 28 on the Canton Network and DTCC's own private blockchain, built on the Besu framework, with more networks due to be added in 2027, according to DTCC's launch announcement. The service creates tokenized "digital twins" of securities held at DTC, which custodies more than $114 trillion in assets. Solana joins Stellar and Circle's Arc blockchain, which are expected to be added in 2027, according to a DTCC fact sheet.

Under a no-action letter from the SEC, the service is limited to a defined set of highly liquid assets, including Russell 1000 stocks, ETFs tracking major indexes, and U.S. Treasuries. Morgan Stanley said last week it had tokenized U.S. stocks and Treasuries through the service.

Tokens issued on Solana "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities," said Brian Steele, president of DTCC Clearing & Securities Services.

Solana's institutional push

Solana has been actively courting traditional finance in recent months, with Solana Foundation head of institutional Nick Ducoff arguing that, "Institutions choose Solana because it already runs real financial activity at scale." He added that institutions are "already issuing, settling and deploying capital" on the network, in a tweet shared by Solana's official account.

Last month, the Solana Foundation unveiled an open standard for institutional settlement developed with input from J.P. Morgan, and the network completed its Alpenglow upgrade, cutting the time it takes for transactions to become final to roughly 150 milliseconds.