DTCC Details Tokenization Service
RWA Signal Insight
InfrastructureThe Depository Trust & Clearing Corporation (DTCC) has unveiled comprehensive details regarding its new Tokenization Service, which aims to unlock approximately $30 trillion in assets for on-chain integration. The platform is launching on the Canton Network and a private Hyperledger Besu network, with plans to expand to Stellar and Circle’s Arc by 2027. Initially, the service will support 25 securities, including U.S. equities, ETFs, and Treasuries, all backed 1:1 by assets held at the DTC. These tokenized assets will maintain their original CUSIPs and investor protections while enabling 24/7 peer-to-peer transfers between registered wallets. The DTCC intends to maintain its role as the official bookkeeper, ensuring that the transition to blockchain infrastructure preserves the existing central securities depository framework. Processing times for conversion orders are targeted at 15 minutes or less during business hours. This initiative represents a significant step toward modernizing U.S. securities markets by incorporating on-chain settlement, collateral management, and digital cash capabilities.
Key points
- DTCC Tokenization Service targets $30 trillion in addressable assets for blockchain integration.
- Initial launch utilizes Canton Network and private Hyperledger Besu, with Stellar/Circle planned for 2027.
- Service supports 25 initial securities, including U.S. equities, ETFs, and Treasuries.
- Tokenized assets retain original CUSIPs and 1:1 backing by assets held at DTC.
Background
The DTCC is the central securities depository for the U.S. financial system, providing clearing and settlement services for the vast majority of securities transactions. By introducing a tokenization service, the organization seeks to bridge traditional financial infrastructure with distributed ledger technology. This allows institutional market participants to leverage blockchain efficiency while remaining within the established regulatory and custodial framework.