DTCC to Bring Tokenized Assets to Solana in 2027

Bank of America, Citi, UBS, and 17 corporations have signed agreements to utilize the tokenization service of The Depository Trust & Clearing Corporation (DTCC). The integration, announced on November 12, will expand a service that began operating on October 28 on Canton Network and Besu, with plans to incorporate Solana in the second half of 2027. The system will allow eligible participants to convert certain securities into tokenized versions and transfer their digital representations to chosen wallets. The scope is limited to stocks from the Russell 1000 index, ETFs that track U.S. stock indices, and U.S. Treasury securities, according to a no-action letter from the SEC issued on December 11, 2025. DTCC already tested this mechanism in July with a limited production, where JPMorgan tokenized part of its positions in the Invesco QQQ Trust. The initiative is backed by 20 financial institutions, although not all have started tokenizing securities on Solana. Brian Steele, president of Clearing & Securities Services at DTCC, stated that tokenized assets will retain ownership rights and protections for investors. DTC holds over $114 trillion in assets under custody, although this figure does not represent already tokenized assets or the volume that will reach Solana.

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