Cryptobbt

DTCC adds Solana for tokenised stocks and Treasuries from 2027

Why it matters

Wall Street's central settlement firm is spreading across several public blockchains rather than picking one. Banks and brokers will need systems that can hold and track the same securities on more than one network.

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The short version

The Depository Trust & Clearing Corporation, which looks after about $114 trillion of securities for banks and brokers, said on 12 November that shares, stock market funds and US government bonds held with it can be turned into digital copies on Solana, a shared online ledger, from the second half of 2027.

Here's what happened. DTCC said on Thursday its tokenisation service will connect to Solana in the second half of 2027. Tokenisation means turning a security into a digital token that can move on a blockchain, a shared online ledger.

Eligible stocks, ETFs and US Treasuries held at its subsidiary, The Depository Trust Company, could then be turned into tokens on Solana. DTC looks after about $114tn of securities for banks and brokers, according to CoinDesk.

The service went live in late October on Canton Network and on DTCC's own private blockchain. Stellar and Circle's Arc network are also on its 2027 plans, CoinDesk reported. DTCC said the tokens will keep the same investor protections and ownership rights as the securities behind them.

Why does that matter? Most stock-token trading on Solana today uses synthetic tokens, which track a share price but do not give you shareholder rights, according to CoinDesk. Solana hosts about $600m of stock tokens, data from RWA.xyz shows.

So the change is that the industry's central record-keeper is bringing the real thing onto public networks, rather than crypto firms building copies around it.

Where this comes from

  1. DTCC Tokenization Service to Connect with Solana, Advancing Multi-Chain Strategy · PR Newswire
  2. DTCC adds Solana to Wall Street tokenization plans, targeting 2027 rollout · CoinDesk

Written with AI from the sources above and checked against them before publishing. Here's how we work. This is news, not financial advice. Spotted a mistake? Tell us.

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