Overview
- DTCC announced on Thursday, November 12 that it will connect its DTCC Tokenization Service to the Solana network, targeting availability in the second half of 2027.
- The Tokenization Service went live on Oct. 28, 2026 on the Canton Network and DTCC’s private Besu chain with 34 eligible securities and 20 institutional participants.
- Under a December 2025 SEC staff no-action letter the program is limited to highly liquid U.S. assets and requires quarterly reporting and conditions that keep DTC as the authoritative custody record.
- DTCC says tokens on Solana would be one-for-one digital representations backed by securities held at DTC and restricted to wallets registered by eligible participants to preserve investor protections and recovery processes.
- Market adoption will hinge on named participant commitments, which securities and funded positions move to Solana, published conversion and wallet procedures with costs, and how payment and settlement steps align with DTC processing hours.