DTCC processes live tokenised asset trades with 30 firms
Infrastructure
The Depository Trust Company (DTC) has successfully processed live production trades using tokenized versions of traditional securities, marking a significant milestone for institutional market infrastructure. This initiative involved over 30 major financial firms, including BlackRock, Goldman Sachs, and J.P. Morgan, testing various transaction types such as repo delivery-versus-payment, collateral pledges, and equity transfers. By utilizing both the Hyperledger Besu private network and the Canton public network, the DTCC demonstrated a multi-chain approach to digital asset interoperability. These digital twins allow participants to leverage blockchain efficiency while maintaining the legal protections and ownership rights inherent in the existing depository system. The project follows a no-action letter from the SEC, which provided the regulatory clearance necessary to move beyond closed pilots into live production environments. This development is critical for the RWA market as it bridges the gap between legacy financial systems and decentralized technology, aiming to reduce settlement delays and improve capital efficiency. The DTCC plans to officially launch its comprehensive Tokenization Service in October 2026, setting a new standard for institutional-grade digital asset processing.
Key points
- ▸DTCC processed live trades with 30+ firms including BlackRock, Goldman Sachs, and J.P. Morgan.
- ▸Trades utilized Hyperledger Besu and Canton networks for diverse asset classes and repo workflows.
- ▸SEC no-action letter enabled live production testing of tokenized assets held in custody.
- ▸DTCC Tokenization Service launch is scheduled for October 2026 to institutionalize digital markets.
Background
The Depository Trust Company (DTC) is a subsidiary of the DTCC that serves as a central securities depository, providing custody and asset servicing for millions of securities. It acts as the backbone of the U.S. financial market by facilitating the electronic settlement of trades and maintaining the official records of ownership for traditional financial instruments.
Relevance
9.5/10