DTCC Opens Tokenisation Service With 34 Securities At Launch
DTCC's launch documents show 34 eligible securities and transfers between registered wallets, with wider access to follow.
The Depository Trust & Clearing Corporation (DTCC) launched its securities tokenisation service on 28th October 2026, according to its press release. It opens a route for participating institutions to move claims on assets held at its depository onto blockchain networks. Twenty clients have signed access agreements, including J.P. Morgan, Fidelity Investments and Citadel Securities.
DTCC's service page lists 34 securities available for tokenisation. The Depository Trust Company (DTC), DTCC's subsidiary, holds the underlying securities. Eligible participants can convert their entitlements into tokens and back into conventional account entries. DTCC says token holders keep the same protections and rights to ownership and financial benefits as in the conventional form.
Access runs through DTC participants and registered wallets. The US Securities and Exchange Commission's staff letter, issued on 11th December 2025, describes a framework in which only DTC participants register wallets and take responsibility for activity in them. Tokens can move only to other registered wallets.
That gives institutions a controlled route into blockchain transfers. It does not make the securities freely transferable to any crypto wallet. DTCC's service page advertises transfers around the clock between registered wallets on the same network, while the securities remain backed by assets at DTC.
The service currently connects to Canton Network and DTCC's private Besu network. DTCC plans to add further blockchains in 2027 and says additional users will join on a rolling basis. Those plans describe future expansion, rather than networks available at launch.
DTCC says DTC holds more than $114 trillion in custody. That figure describes the depository's wider business. It is not a measure of assets tokenised through this service, whose initial selection is narrower than the eligible categories set out in the regulatory framework.
The staff letter covers Russell 1000 equities, US Treasury securities and funds tracking major indices. It provides a conditional position on enforcement under specified rules, lasting three years from the service's launch, rather than blanket approval of tokenised securities.
One limit matters for the collateral use DTCC promotes: the letter says DTC will not assign the tokens collateral or settlement value in its own participant risk calculations. The tokens therefore do not count as collateral inside those DTC controls, even where a separate arrangement allows their use elsewhere. The initial service connects existing securities to new transfer rails while retaining the depository's controls over eligible assets and wallets.
