Citi, JPMorgan among major banks joining DTCC’s tokenization service launch
RWA Signal Insight
InfrastructureThe Depository Trust & Clearing Corporation (DTCC) has officially launched the DTCC Tokenization Service (DTS) to bridge traditional securities with digital asset ecosystems. This new infrastructure allows eligible users to convert securities held by The Depository Trust Company (DTC) into tokenized representations while maintaining existing ownership rights and investor protections. With DTC currently holding over $114 trillion in assets under custody, the service represents a significant step toward integrating blockchain technology into mainstream financial markets. Twenty major financial institutions, including JPMorgan, Citi, Bank of America, and Morgan Stanley, have already signed agreements to utilize the platform. The service currently supports connectivity to the Canton Network and a private Besu network, with further blockchain integrations scheduled for 2027. This launch follows a December 2025 SEC no-action letter that authorized the tokenization of Russell 1000 constituents, major index ETFs, and U.S. Treasury securities. By facilitating transactions across both traditional and tokenized environments, the DTCC aims to enhance liquidity and operational efficiency for global market participants.
Key points
- DTCC launched the DTCC Tokenization Service for assets held by The Depository Trust Company.
- Twenty major institutions including Citi and JPMorgan have signed agreements to use the service.
- DTC holds over $114 trillion in assets under custody, providing massive potential for tokenization.
- Service currently supports the Canton Network and a private Besu network for digital transactions.
Background
The Depository Trust & Clearing Corporation (DTCC) is the primary central securities depository for the United States financial system. It provides clearing, settlement, and information services for equities, corporate and municipal bonds, and government securities. By acting as the central hub for trade processing, it ensures the stability and integrity of the U.S. capital markets.