DTCC plans Solana link for tokenized stocks and Treasuries in late 2027
In brief
- DTCC plans to connect its Tokenization Service to Solana in the second half of 2027.
- DTCC Tokenization Service went live October 28 on Canton Network and a private Besu-based chain.
- SEC no-action letter limits eligible assets to highly liquid stocks, index ETFs and Treasuries.
- Stellar and Circle's Arc blockchain are also expected to join in 2027, per a DTCC fact sheet.
What DTS does (and where it runs today)
DTS isn't new. The service went live on October 28 on the Canton Network and DTCC's own private blockchain (built on the Besu framework), and DTCC's launch announcement said more networks would be added in 2027.
It creates tokenized "digital twins" of securities held at DTC, which custodies more than $114 trillion in assets, according to DTCC as cited by Decrypt. That's the scale involved. Under an SEC no-action letter, the service is limited to a defined set of highly liquid assets, including Russell 1000 stocks and ETFs tracking major indexes, plus U.S. Treasuries.
Solana won't be the only addition. A DTCC fact sheet says Stellar and Circle's Arc blockchain are also expected to be added in 2027. Morgan Stanley said the week before the Solana news that it had tokenized U.S. stocks and Treasuries through the service, Decrypt reported.
What DTCC's executives said
"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.
Brian Steele, president of DTCC Clearing & Securities Services, said in the announcement that tokens issued on Solana would retain the same investor protections and regulatory safeguards that apply to traditionally held securities.
Why Solana?
The Solana Foundation has its own answer. Nick Ducoff, the Foundation's head of institutional, argued that institutions choose Solana because it already runs real financial activity at scale. The Foundation unveiled an open standard for institutional settlement the month before (developed with input from J.P. Morgan), and the network completed its Alpenglow upgrade, which Decrypt reported cut the time it takes for transactions to become final to roughly 150 milliseconds.
Trading platform Formation has also notified the SEC of plans to trade tokenized U.S. stocks on Solana, starting with Galaxy and Forward Industries, according to Decrypt.
It's still a plan, not a launch: the Solana connection isn't scheduled until the second half of 2027.
Frequently asked questions
When will DTCC's tokenized securities be available on Solana?
DTCC said the Solana integration is planned for the second half of 2027. It's an announced plan, not a completed launch. Stellar and Circle's Arc blockchain are also expected to be added in 2027, according to a DTCC fact sheet.
Which assets can be tokenized through the DTCC Tokenization Service?
Under an SEC no-action letter, DTS is limited to a defined set of highly liquid assets, including Russell 1000 stocks, ETFs tracking major indexes and U.S. Treasuries. The service creates tokenized digital twins of securities held at DTC, which custodies more than $114 trillion in assets.
Where does the DTCC Tokenization Service run today?
DTS went live on October 28 on the Canton Network and DTCC's own private blockchain, built on the Besu framework. DTCC's launch announcement said more networks would be added in 2027, and Solana is now among them.
