DTCC to Add Solana to Its Tokenization Service in 2H 2027
DTCC will connect its tokenization service, live since Oct. 28 on Canton and Besu, to Solana in the second half of 2027. It gave no Solana securities list, and cross-chain conversions remain reserved for future releases.
The firm that sits at the center of U.S. securities settlement is extending its tokenization service to a public blockchain. DTCC plans to connect the service to Solana in the second half of 2027, the company said in its Nov. 12 announcement. The integration is expected to support conversion of eligible securities held at its Depository Trust Company (DTC) subsidiary into tokens on Solana, along with related token-lifecycle functions.
The service itself is young. It went live on Oct. 28 on Canton Network and DTCC's private Besu network. At launch it covered 34 eligible securities, and 20 DTC participants, including J.P. Morgan, Citi and Morgan Stanley, had signed access agreements. Eligible assets include Russell 1000 stocks, ETFs tracking major indexes and U.S. Treasuries, and the service operates under an SEC no-action letter limited to a defined set of highly liquid assets.
Solana joins Stellar and Circle's Arc on a 2027 expansion roadmap, according to a DTCC fact sheet.
"DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice in where they access and utilize tokenized assets"
Frank La Salla, DTCC CEO
Brian Steele, president of DTCC Clearing & Securities Services, said the tokenized assets "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities." DTC custodies more than $114 trillion in assets, per DTCC's launch announcement, so even a small slice moving on-chain would be large in absolute terms.
Morgan Stanley said in a post on X that it was converting U.S. stocks and Treasuries into tokenized form through the service.
On the Solana side, Nick Ducoff of the Solana Foundation said, "Institutions choose Solana because it already runs real financial activity at scale." Solana's official account shared the comment, noting that institutions are already issuing, settling and deploying capital on the network.
What is still missing
The announcement leaves gaps. DTCC did not specify a separate Solana securities roster or detail the lifecycle functions planned for the network. The current model supports round-the-clock peer-to-peer transfers between DTC-registered wallets on the same blockchain, while DTCC's user guide reserves conversions between tokens on different ledgers for future releases; the Solana news does not change that. Think of each supported chain as a new branch of the same bank: customers gain another place to hold their assets, but there is not yet a way to walk a token from one branch's vault straight into another's. Another network widens where assets can be tokenized without, by itself, creating direct movement between chains.
Sign-ups, too, are not usage. Twenty signed access agreements say little yet about how much volume will flow, and the Solana connection is not due until the second half of 2027.
Context
The news lands as Solana accumulates institutional plumbing: an institutional settlement standard developed with input from J.P. Morgan, and the completed Alpenglow upgrade, with finality of roughly 150 milliseconds. Formation Securities has notified the SEC of a permissioned Solana market for tokenized U.S. stocks, a notice that is not SEC approval. The DTCC plan is a different channel: incumbent market infrastructure choosing to meet a public chain, rather than a new venue built on it.
