DTCC Plans to Bring Tokenized Securities to Solana in 2027

Solana joins DTCC’s 2027 rollout

DTCC opened its tokenization service Oct. 28 on Canton and on its own private blockchain, which is built on Hyperledger Besu. Its launch announcement named 20 firms that had signed access agreements, including JPMorgan, Citi and Fidelity Investments. The service page lists 34 securities available to tokenize at launch.

The Solana target falls after the window DTCC previously gave for Stellar, where it expects tokenized assets to be available in the first half of 2027. The rollout would give firms another choice of blockchain for eligible assets without requiring them to switch securities depositories.

DTCC reported that its depository provided custody and asset servicing for $114 trillion in securities in 2025. That figure measures the wider depository business. The November release gave no estimate of how much of that value might be converted into tokens on Solana.

What a DTC token represents

The SEC staff’s December 2025 no-action letter describes a program covering eligible Russell 1000 stocks, U.S. Treasury bills, notes and bonds, and ETFs tracking major indexes. DTCC did not specify which individual securities would be available on Solana first.

Under the framework in that letter, a participant can ask DTC to convert its claim on an eligible security into a token. DTC moves the underlying holding into a dedicated account on its own ledger and issues the token to the participant’s registered wallet. If the participant later asks to return to the conventional form, DTC cancels the token and credits the holding back to the participant’s account.

DTC tracks transfers between registered wallets, and the securities remain registered to its nominee, Cede & Co. The service is designed to let firms transfer the claim around the clock within those controls. Firms could use that flexibility to move collateral outside normal market hours where counterparties agree to accept it.

Solana transfers would require registered wallets

DTC screens wallets before registering them and retains the ability to reverse transactions in specified circumstances. SEC staff said in the letter that they would refrain from recommending enforcement under certain rules for the service as described. That position is conditional and runs for three years from the launch of the preliminary service.

Other projects are addressing how stock tokens might trade once they exist. Formation Securities’ planned Solana venue, for example, proposes pools for approved buyers and sellers. DTCC’s announcement addresses how securities held at DTC can be represented and transferred on the network. It gave no details about which trading venues might handle those tokens.

The Bitcoin-focused Crypto Fear & Greed Index fell to 20 on Friday from 28 a day earlier, moving into Extreme Fear.

DTCC gave no exact launch date, list of participating firms for Solana or expected volume. The first Solana eligibility and onboarding details will show which securities can move and which firms will be able to move them.