DTCC Tokenization Service Opens $30 Trillion in Assets, Launching 25 Securities on Canton and Besu
RWA Signal Insight
InfrastructureThe Depository Trust & Clearing Corporation (DTCC) has officially launched its Tokenization Service, unlocking approximately $30 trillion in assets for on-chain integration. Initially supporting 25 securities including U.S. equities, ETFs, and Treasuries, the service utilizes the Canton Network and a private Hyperledger Besu instance. Future expansion plans include integrating the Stellar network and Circle’s Arc platform by 2027. Each token is backed 1:1 by assets held in DTC custody, ensuring that traditional CUSIPs, investor protections, and legal rights remain intact. By maintaining DTC as the official book of record, the platform allows for 24/7 peer-to-peer transfers while avoiding the reconciliation issues common in synthetic tokenization models. This initiative follows a successful July 2025 pilot involving major institutions like BlackRock, Goldman Sachs, and J.P. Morgan. Ultimately, the service aims to modernize market infrastructure by enabling real-time collateral management, netting, and settlement for the U.S. financial system.
Key points
- DTCC Tokenization Service makes $30 trillion in DTC-held assets eligible for on-chain migration.
- Launch supports 25 securities across Canton and Hyperledger Besu, with Stellar and Arc arriving 2027.
- Tokens maintain 1:1 backing and existing CUSIPs to ensure regulatory compliance and legal continuity.
- July 2025 pilot trades involved over 30 firms, including BlackRock, Vanguard, and J.P. Morgan.
Background
The DTCC is the central securities depository for the U.S. financial market, providing clearing and settlement services for the vast majority of equity and debt transactions. It acts as the primary infrastructure layer that ensures the safe transfer of ownership for trillions of dollars in assets. By tokenizing these assets, the DTCC aims to bring the efficiency of blockchain technology to traditional finance without disrupting the established regulatory and legal frameworks.