DTCC to Bring Tokenized Securities to Solana in 2027
By Abdelaziz Fathi
AI summary of the source article
The Depository Trust & Clearing Corporation plans to integrate its securities tokenization service with the Solana blockchain in the second half of 2027, enabling eligible DTC-held securities to be converted into digital tokens.
Why it matters
The objective is to "allow financial institutions to use different distributed ledger environments without abandoning established custody and recordkeeping systems," with potential benefits including "faster asset transfers, greater collateral mobility and access to digital market infrastructure."
Key facts
- DTCC announced it will connect its tokenization service to the Solana blockchain in the second half of 2027.
- The service launched on October 28 with 20 DTC participants, initially connecting to the Canton Network and DTCC's private Besu blockchain.
- Eligible participants will be able to convert qualifying securities into tokens on Solana while preserving ownership rights and economic entitlements.
Source excerpt · FinanceFeeds
The Depository Trust & Clearing Corporation (DTCC) plans to connect its securities tokenization service to the Solana blockchain in the second half of 2027, extending regulated tokenized assets beyond the networks supported at its October launch.Announced on November 12, the integration will allow eligible securities held by DTCC subsidiary The Depository Trust Company (DTC) to be converted into d…