DTCC launches securities tokenization service

The Depository Trust Company, a subsidiary of The Depository Trust Clearing Corporation, launched a service on October 28 that lets eligible financial institutions create tokenized representations of securities held in its custody. The service, called the DTCC Tokenization Service, also allows conversion between tokenized and traditional forms. DTCC said 20 clients have signed agreements to access the service. Those agreements indicate potential participation, but do not establish that the firms have used the platform. The company has not disclosed transaction volume since launch. The service currently supports the Canton Network and DTCC’s private Besu network. DTCC says it plans to add other blockchain integrations in 2027. Stellar Development Foundation has said DTCC plans to bring the service to the Stellar network in the first half of 2027; that integration remains a stated target, not a completed deployment. DTCC’s website lists 34 securities as available for tokenization at launch. That figure describes eligible securities, not assets already converted into tokens. The launch materials identify categories including selected Russell 1000 securities, exchange-traded funds...