The Depository Trust & Clearing Corporation announced on November 12, 2026 that it will connect its Tokenization Service to Solana. The integration targets the second half of 2027. Eligible assets held at the Depository Trust Company, known as DTC, could then convert into tokens on the network. DTC provided custody and asset servicing in 2025 for securities from more than 150 countries and territories, valued at $114 trillion.
This announcement matters because DTCC names Solana as the first network in its multi-chain plan. The service already runs on Canton and on DTCC’s private Besu network. Solana would add a large public Layer-1 to that list. Frank La Salla, DTCC’s president and CEO, said the firm is “bringing regulated, DTC-tokenized securities to another major blockchain ecosystem.” In addition, the release says the service will connect to multiple networks, which gives participants a choice of where to use tokenized assets.
What Tokenized Assets Qualify
DTCC describes the eligible pool as stocks, ETFs, and U.S. Treasuries. The December 2025 SEC no-action letter defines the categories more precisely. It covers Russell 1000 stocks, ETFs that track major indexes, and Treasury bills, notes, and bonds. The letter authorizes DTC to offer the service on pre-approved blockchains for three years.
The service went live on October 28, 2026 with 34 eligible securities. Those securities carry roughly $30 trillion in market value. However, that figure measures assets eligible for tokenization, not assets that already sit onchain. Twenty DTC participants signed agreements at launch, including JPMorgan, Morgan Stanley, Bank of America, Citi, and State Street. Each participant now decides how much of its eligible inventory to convert.
Same Rights, Different Rails
DTCC stresses that tokenization changes the format of a security but not its legal standing. Brian Steele, president of DTCC Clearing & Securities Services, said tokens on Solana will “retain the same investor protections, ownership rights and regulatory safeguards” as traditionally held securities. That commitment separates this effort from many tokenized stock products already trading in crypto markets.
Those existing products often use synthetic tokens. Synthetic tokens track a share price, yet they do not carry shareholder rights. DTC-tokenized assets work differently because they represent the actual custodied security. As a result, a holder can convert a token back into a traditional position and deliver it to a wallet of their choice.
Why Solana Fits the Strategy
Nick Ducoff, general manager of institutional at the Solana Foundation, said institutions choose Solana “because it already runs real financial activity at scale.” The data supports part of that claim. RWA.xyz figures cited by CoinDesk show about $600 million in tokenized stocks on Solana. Only BNB Chain and Ethereum hold more. Solana also ranks second by transfer volume, with more than $11 billion in tokens moving this month.
Nadine Chakar, DTCC’s global head of digital assets, framed the goal as interoperability. She called it “the essential bridge to creating scalable, resilient and liquid digital markets.” DTCC has also signaled that other networks will follow in 2027, with Stellar and Circle’s Arc on the reported roadmap. Notably, DTCC treats chains as interchangeable rails rather than exclusive partners.
Limits Readers Should Watch
The plan still carries real constraints. Moving a token between blockchains runs through DTC’s conversion service, which operates from 2 a.m. to 6 p.m. Eastern on business days. Around-the-clock transfers work only inside a single chain. Meanwhile, the no-action letter limits the asset classes and activities that qualify, and the Solana release does not detail the eligibility criteria.
The timeline also leaves room for change. Second half 2027 is a target, not a delivery date. Nevertheless, the direction is clear. The firm that holds the ownership ledger for much of U.S. finance now plans to settle assets on a public chain. Citi projects the tokenized asset market could reach $5.5 trillion by 2030, and DTCC’s rails would anchor a large share of that growth.
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