Overview
- DTC launched the DTCC Tokenization Service on Oct. 28, 2026, letting eligible participants convert selected custodied securities into one-for-one blockchain “digital twins.”
- At launch the service covered 34 securities worth about $30 trillion and had 20 participating institutions that helped shape the product through a 150-plus firm industry working group.
- Tokens move 24/7 on the Canton Network and DTCC’s private Hyperledger Besu but conversions back to traditional custody happen in business-day windows, creating a two-speed operational model participants must manage.
- The SEC issued a Dec. 11, 2025 no-action letter that gives DTS a three-year, conditional runway to operate on pre-approved networks and frames the near-term regulatory test of safety and market benefit.
- Markets will be watching early adopters for evidence of trading, settlement flows, and collateral reuse and DTCC plans broader public-chain integrations and use-case testing in 2027 to judge whether tokenization scales.