DTCC to Launch Tokenization Service with Wall Street Titans

The Depository Trust & Clearing Corporation (DTCC) will roll out tokenized securities trading in July with limited production trades, followed by a full service launch in October 2026. The service will cover a defined set of highly liquid assets, including Russell 1000 constituents, major index ETFs, and U.S. Treasury bills, bonds, and notes.

Major Wall Street institutions participating include BlackRock, Goldman Sachs, Bank of America, and Citadel Securities, alongside crypto-native platforms like Circle, Coinbase, and Kraken. The DTCC's DTC division currently custodies more than $114 trillion in assets, representing the largest traditional finance infrastructure move into tokenization to date.

DTCC's tokenization initiative builds on SEC approval received earlier this year for a pilot program to record U.S. securities on select blockchains via registered wallets. The move follows broader Wall Street adoption of tokenization, with NYSE partnering with Securitize for tokenized securities.