DTCC Announces Tokenization Service Rollout
The Depository Trust & Clearing Corporation announced on Monday that it will facilitate initial, limited production trades of tokenized real-world assets in July 2026, ahead of the service’s full launch in October 2026, according to a statement from DTCC. The move represents a significant step in bringing traditional financial assets onto blockchain infrastructure, with the SEC having previously approved the service through a No-Action Letter.
SEC Approval and Eligible Assets
The Securities and Exchange Commission greenlit the tokenization service through a No-Action Letter late last year, granting DTCC a three-year authorization period to offer participants the ability to tokenize certain highly liquid assets on pre-approved blockchains. Eligible assets include stocks in the Russell 1000, exchange-traded funds tracking major U.S. equity indices, and U.S. Treasury bills, bonds, and notes, according to the SEC approval.
Regulatory Framework
Tokenized securities remain subject to securities law, according to the SEC. Over the past year, under a crypto-friendly Trump administration, the SEC has been working on an “innovation exemption” that could function as a regulatory sandbox for on-chain assets. The agency has maintained that tokenized securities must follow existing securities regulations.
Industry Participation
Over 50 firms will participate in the DTCC Industry Working Group, including asset managers, brokers, and trading venues. Participating firms include Morgan Stanley, Nasdaq, Kraken parent company Payward, and Robinhood Markets, according to the DTCC statement.
Executive Vision
“Our vision is coming to fruition: launching our tokenization service and successfully bridging TradFi and DeFi,” said Frank La Salla, DTCC President and CEO, in the statement. “We believe tokenization will significantly change how markets work and operate, bringing new levels of liquidity, transparency and efficiency to investors.”
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