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7h ago

DTCC Sets July Pilot, October Launch for Tokenized Securities Platform

SEC no‑action relief authorizes a limited, three‑year tokenization program that preserves existing investor rights.

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Dtcc tokenization draws 50+ firms for live securities testing

Overview

  • DTCC, which announced the plan Monday, will run limited live trades in July 2026 before a broader launch in October.
  • The effort operates under a December 2025 SEC no‑action letter that permits a three‑year program limited to Russell 1000 stocks, major index ETFs, and U.S. Treasuries.
  • More than 50 firms across Wall Street and crypto joined DTCC’s Industry Working Group, including Nasdaq, NYSE, BlackRock, JPMorgan, Circle, Kraken, Ondo Finance, and Fireblocks.
  • The service will issue tokens for assets already held at DTC with the same ownership rights and protections, and DTCC will test live workflows and cross‑chain interoperability.
  • The scale of DTC’s $114 trillion custody base could bring faster settlement and better collateral use to everyday investors, with some outlets reporting tokenized shares may later settle on chain using stablecoins.