The Depository Trust & Clearing Corporation (DTCC) has announced plans to connect its tokenization services to the Solana blockchain network in the second half of 2027. This strategic move will allow digital representations of Russell 1000 stocks, major ETFs, and U.S. Treasury bonds to be issued on the Solana blockchain, marking a significant development for one of the core infrastructure entities of U.S. capital markets. DTCC is instrumental in the settlement, clearing, and custody of securities.
Traditional Securities to Undergo Digital Transformation
According to DTCC, its Tokenization Service will enable major market participants to convert traditional securities into tokens, transfer them onto the Solana network, and redeem them if necessary. This follows a ‘no action’ letter from the SEC in December 2025, permitting DTCC to tokenize these assets under specific conditions.
Assets tokenized by DTCC and integrated into Solana and other blockchain networks will maintain the same investor protections, ownership rights, and regulatory assurances as traditional securities.
Brian Steele, President of DTCC Clearing & Securities Services, emphasized that the investor rights and regulatory protections would remain consistent with the existing framework. Frank La Salla, a Senior Executive at DTCC, highlighted that this integration would facilitate the use of securities as collateral.
Expansion Driven by Market Demand
DTCC’s tokenization service became operational on October 28, 2026, initially incorporating the Canton Network and a private registry system. The company has stated that new networks are added based on customer demand.
DTCC is dedicated to providing its users with access to open and interconnected platforms featuring distributed ledger technology networks like Solana, which offer established performance, security, and governance features.
Nadine Chakar, Global Head of DTCC Digital Assets, underscored the company’s commitment to building an open and interconnected platform. Nick Ducoff, General Manager of Enterprise at Solana Foundation, noted that institutions prefer Solana due to its capability to handle large-scale financial activities.
Rapid Growth of Real-World Assets and Stablecoins on Solana
As of November 12, the total size of real-world assets in the Solana ecosystem reached $5.13 billion, distributed among over 1.02 million investors. The transfer volume over the past 30 days amounted to $16.48 billion.
The market capitalization of stablecoins on Solana stands at $13.85 billion, with a monthly turnover of $387.41 billion. These figures indicate a growing institutional interest in transitioning traditional financial assets to blockchain-based infrastructures, particularly in the Solana ecosystem.
The scale of operations at DTCC is also noteworthy. Throughout 2025, the company handled $4.7 quadrillion in securities transactions, and its custody unit, DTC, manages $114 trillion worth of assets across more than 150 countries.
