DTCC to Bring Tokenised Securities to Solana by Late 2027
The Depository Trust & Clearing Corporation (DTCC) plans to make tokenised securities available on Solana in the second half of 2027, extending a tokenisation service that went live barely two weeks ago to one of the busiest public blockchains for real-world assets. The decision adds Solana to a roster that already includes the Canton Network and DTCC's private Besu network, and it confirms that the operator of much of the United States' post-trade infrastructure intends to let tokenised assets move across several chains rather than settle on a single one.
What is DTCC connecting to Solana, and when?
The DTCC Tokenization Service (DTS) launched on 28 October 2026 through DTCC's depository subsidiary, The Depository Trust Company (DTC). It lets eligible clients mint tokenised representations of securities already held in DTC custody. The Solana connection, planned for the second half of 2027, is a roadmap item rather than a live capability, so institutions will not be able to issue DTC-tokenised assets on the network for roughly a year.
At launch, the service covered 34 eligible securities with a combined market value of about 30 trillion US dollars, accessible to an initial group of 20 DTC participants that included Bank of America, Barclays, BNP Paribas, Citi and Citadel Securities. The eligible asset set is fixed by the terms of a no-action letter that DTC received from the Securities and Exchange Commission in December 2025, which covers Russell 1000 constituents, exchange-traded funds tracking major US equity indices, and US Treasuries, issued only on pre-approved blockchains. That relief runs for three years, giving the whole programme a finite regulatory runway.
Why is DTCC choosing Solana now?
Solana is where on-chain tokenised-equity activity has concentrated. Research from the Solana Foundation and Galaxy found that Solana settled roughly 97 per cent of on-chain tokenised-equity spot volume in the first half of 2026. Data tracked by RWA.xyz placed non-stablecoin real-world assets on Solana at about 3.7 billion US dollars across more than 313,000 holders by late July 2026, ranking it third among all chains for RWA value behind Ethereum, at roughly 15.9 billion US dollars, and BNB Chain, at roughly 3.9 billion. BlackRock, Circle, Tether and Ondo already issue tokenised products on the network.
Solana also fits a wider pattern in how DTCC is building the service. DTS is currently integrated with the Canton Network and DTCC's private Besu network, DTCC has named Stellar for a rollout in early 2027, and Solana is now slated for later that year. Nick Ducoff, who leads institutional work at the Solana Foundation, said institutions chose the network because it already runs real financial activity at scale and supports always-on markets. The through-line is a chain-neutral posture: DTCC is presenting itself as a settlement and governance layer that connects to multiple networks, rather than as a backer of any one of them.
How wide is the gap between DTC's book and on-chain assets?
The scale contrast is the part of this story that reframes it. DTC provided custody and asset servicing for securities valued at 114 trillion US dollars in 2025, and DTCC's subsidiaries processed securities transactions worth 4.7 quadrillion US dollars over the same year, both figures stated by the firm. Set against that, the entire on-chain real-world-asset market excluding stablecoins sat at around 26.4 billion US dollars in March 2026, up about 300 per cent year on year but still a thin slice of the traditional book.
The direction of travel is clear even if the current base is small. The Citi Institute has estimated the tokenised-asset market at roughly 400 billion US dollars today, with the potential to reach 5.5 trillion by 2030. Bringing even a fraction of DTC-eligible assets on-chain would change the supply side of that market materially, and it would route that supply towards the networks DTCC connects to.
Is this a threat to public-chain tokenisation, or an on-ramp?
Independent analysis points to the second reading. Analysts at StoneX said in early November that DTCC's permissioned, regulated service addresses different markets from public-blockchain tokenisers such as Securitize, and that the launch could accelerate adoption across the sector as a whole. On that view, a regulated post-trade operator connecting its tokenisation rails to a public chain where DEX-native tokenised equities already trade widens the market rather than cornering it.
Why This Matters to FinanceX Readers
For finance professionals and investors, the signal here is about where regulated tokenised securities will be accessible and how collateral and liquidity will travel between traditional infrastructure and public chains. The binding variable is not the technology but the calendar: the Solana leg lands in the second half of 2027, inside a three-year no-action window that began in December 2025, which leaves a narrow runway to prove operational integrity before the relief has to be renewed or generalised through formal rulemaking.
Watch the claims DTCC makes around collateral mobility and capital efficiency, and watch whether a 114-trillion-dollar custody book can push meaningful volume on-chain before the regulatory clock runs down.
