DTCC Picks Solana as Next Network for Its Tokenized Securities Service

By Coinvote

Published November 12, 2026 - 15:23 UTC | 5 mins read

DTCC Picks Solana as Next Network for Its Tokenized Securities Service

The Depository Trust & Clearing Corporation plans to connect its tokenization service to Solana in the second half of 2027. The service went live on October 28, and Solana would become another network where eligible securities held at DTC can be issued as tokens.

DTCC schedules Solana for the second half of 2027

The Depository Trust & Clearing Corporation (DTCC) announced on Thursday that it will connect the DTCC Tokenization Service, known as DTS, to Solana. According to Decrypt, the connection would let qualifying securities in custody at DTCC's subsidiary, the Depository Trust Company (DTC), be issued as tokens on Solana. DTCC has targeted the second half of 2027 for the work.

The Block reported the same timeline in its summary of the announcement, saying Solana would be added to the tokenization service alongside Canton and Besu. The Defiant framed it as the addition of another network to a service that already runs on Canton and DTCC's private Besu blockchain.

DTCC CEO Frank La Salla said the move extends regulated, tokenized DTC securities to one more large blockchain ecosystem. As quoted by Decrypt, he said it widens the choice market participants have over where they reach and use tokenized assets.

How the DTCC service works and what it covers

DTCC is the main settlement infrastructure for U.S. securities, and DTC is the unit that holds the underlying assets in custody. Decrypt reported that DTS creates tokenized stand-ins for securities held at DTC. According to the same report, DTC has custody of more than $114 trillion in assets.

Brian Steele, president of DTCC Clearing & Securities Services, said holders of tokens issued on Solana would have the same investor protection, ownership rights and regulatory safeguards as holders of securities kept in the conventional way.

The scope is deliberately narrow. Decrypt reported that a no-action letter from the SEC confines the service to a specified group of highly liquid assets. Those include Russell 1000 stocks, ETFs tracking major indexes and U.S. Treasuries. A no-action letter is a statement from SEC staff that they will not recommend enforcement for a described activity, so it sets the boundaries within which DTCC can operate.

The numbers behind the announcement

Decrypt's full report carries most of the figures that give the plan its weight. The Block and The Defiant, in their headline-and-summary coverage, confirm the timing and the existing networks but add no further figures.

Second half of 2027: the planned window for the Solana connection, reported by all three outlets.
October 28: the date DTS went live on the Canton Network and on DTCC's own Besu-based private blockchain, according to Decrypt, which cites DTCC's launch announcement.
More than $114 trillion: the value of assets DTC holds in custody, as reported by Decrypt.
Stellar and Circle's Arc blockchain: two further networks expected in 2027, according to a DTCC fact sheet cited by Decrypt.
$5.05 billion: Solana's DeFi total value locked according to DefiLlama, which gives a sense of the network's current on-chain activity, although it does not measure tokenized securities.

Where the three outlets agree and where they differ

The outlets agree on the essentials. All three put the Solana integration in the second half of 2027, and all three describe it as an expansion of a service that already exists on other networks. The Block lists Canton and Besu next to Solana. The Defiant and Decrypt both say those two networks are already running, which makes Solana a later addition.

Decrypt is the only outlet of the three with full-text coverage. It adds the October 28 launch date, the SEC no-action letter, the list of eligible asset types and the fact sheet naming Stellar and Arc. It also reports that Morgan Stanley said a week earlier it had used the service to tokenize American equities and Treasury securities. The Block and The Defiant do not cover those points in their summaries, so their silence should not be read as disagreement.

No outlet reports a technical design for the Solana connection, such as how tokens will be issued, transferred or redeemed on the network. The announcement is a plan with a target window, not a launch.

Why Solana's institutional push gains a major reference point

Decrypt placed the announcement within a broader effort by Solana to attract traditional finance. According to Decrypt, the Solana Foundation published an open standard for institutional settlement last month, developed with input from J.P. Morgan. The network also finished its Alpenglow upgrade, which Decrypt said brought transaction finality down to roughly 150 milliseconds.

Nick Ducoff, the Solana Foundation's head of institutional, said institutions are "already issuing, settling and deploying capital" on the network. Decrypt also reported that the trading platform Formation has notified the SEC of a plan to offer trading in tokenized American equities on Solana, with Galaxy and Forward Industries as the first names.

For traders, the relevance is that a settlement utility of DTCC's size is placing Solana next to Canton, Besu, Stellar and Arc in its multi-network plan. Project teams building tokenized products on Solana may watch how DTCC-issued tokens interact with existing venues. Readers who follow new Solana launches can also browse the new Solana tokens page, though DTCC's plan concerns regulated securities and not newly listed tokens.

Open questions before 2027

Several details remain unreported. It is not yet clear which eligible assets will be tokenized first on Solana, or whether the 2027 date will hold. Another open question is how DTCC will handle the differences between its private Besu chain and an open network such as Solana.

Readers can check a few things as the date approaches. DTCC's fact sheet and future announcements should show the sequence of the 2027 additions, including Stellar and Arc. The SEC's treatment of the no-action framework will determine whether the asset list widens. Formation's notice to the SEC is another item to follow, because it points to trading venues that could sit alongside the DTCC tokens on Solana.

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FAQ

When will DTCC's tokenization service be available on Solana?

DTCC plans to connect the service to Solana in the second half of 2027, according to Decrypt, The Block and The Defiant. The service itself went live on October 28 on Canton and DTCC's private Besu blockchain.

Which assets can DTCC tokenize?

Decrypt reported that, under an SEC no-action letter, the service covers a defined set of highly liquid assets. These include Russell 1000 stocks, ETFs tracking major indexes and U.S. Treasuries.

Which other networks does DTCC plan to add?

According to a DTCC fact sheet cited by Decrypt, Stellar and Circle's Arc blockchain are also expected to be added in 2027. The service already runs on the Canton Network and DTCC's own private blockchain.