DTCC launches tokenized securities platform in October 2026
Updated
Updated · CoinDesk · May 4
DTCC launches tokenized securities platform in October 2026
17 articles · Updated · CoinDesk · May 4
A July pilot will follow SEC no-action relief covering Russell 1000 stocks, ETFs and US Treasuries, with more than 50 firms including BlackRock, Goldman Sachs, JPMorgan, Anchorage and Circle involved.
Built within DTCC's Depository Trust Company, the service lets firms issue digital versions of assets already in custody while preserving existing ownership rights and protections.
The move strengthens Wall Street's broader tokenization push as Nasdaq and NYSE owner ICE pursue blockchain-based securities, with DTCC processing trillions of trades daily and holding over $114tn in securities.
With rival platforms emerging, will Wall Street's tokenization push unite markets or create new digital islands?
Does 24/7 tokenized trading promise ultimate efficiency or risk unstoppable, automated flash crashes?
DTCC’s Hybrid Tokenization Service for Russell 1000, ETFs, and U.S. Treasuries: Timeline, Risks, and Regulatory Framework
Overview
In December 2025, the SEC granted DTCC's subsidiary DTC a No-Action Letter authorizing a controlled tokenization service for traditional securities, focusing on Russell 1000 components, ETFs, and U.S. Treasuries. This service uses a hybrid model combining distributed ledger technology with DTC's centralized ledger to enhance collateral utility and market liquidity while maintaining legal and operational control. A phased rollout begins in 2026, supported by an Industry Working Group of over 50 firms. The Canton Network enables secure, interoperable, and atomic settlement, with ComposerX automating token lifecycle management. DTCC leads governance efforts and emphasizes collaboration to address operational, cybersecurity, and regulatory risks, aiming to bridge traditional finance and decentralized finance securely and efficiently.