DTCC to bring tokenized securities to Solana in second half of 2027

By Nathan Brooks

DTCC will bring its tokenization service to Solana in the second half of 2027, the organizations said Thursday, opening a route for eligible stocks, exchange-traded funds and U.S. Treasuries held by its Depository Trust Company subsidiary to become blockchain-based tokens.

What does this change for institutions?

The planned integration will allow eligible stocks, exchange-traded funds and U.S. Treasuries held at DTC to be converted into blockchain-based tokens on Solana. DTCC said the securities will retain their existing ownership rights, investor protections and regulatory safeguards. That distinction matters because most Solana stock tokens are synthetic and do not convey shareholder rights in their underlying assets.

“DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice in where they access and utilize tokenized assets,” said Frank La Salla, DTCC’s president and CEO.

The practical change is access: tokenization promises to make traditional securities easier to move and use as collateral, including outside normal market hours. Connecting DTCC’s infrastructure to public blockchains could bring those functions closer to financial firms already using its services.

DTCC sits at the center of U.S. market operations. Through DTC, it holds $114 trillion in securities for banks and brokerages. The tokenization service debuted with 34 eligible securities representing roughly $30 trillion. That figure reflects assets eligible for tokenization, not value already on-chain.

According to RWA.xyz, Solana hosts about $600 million in stock tokens, a total that trails only BNB Chain and Ethereum among blockchain networks. It ranks second by transfer volume, with more than $11 billion in tokens changing hands this month.

The Solana stock-token total is small beside the roughly $30 trillion DTC pool, but the measures are not directly equivalent. DTC’s figure captures assets eligible for tokenization; RWA.xyz’s count captures stock tokens already on-chain, including synthetic instruments.

Most of that Solana activity is linked to synthetic stock tokens, which do not provide the same shareholder rights as the underlying assets. That gap is why DTCC’s emphasis on existing ownership rights, investor protections and regulatory safeguards is operational rather than merely descriptive.

Citi estimates the tokenized asset market, including equities, could reach $5.5 trillion by 2030. The forecast offers market context for DTCC’s proposed Solana connection as institutions seek on-chain collateral and use outside normal market hours, but it is not a measure of planned DTCC issuance.

“Institutions chose Solana because it already runs real financial activity at scale,” said Nick Ducoff, general manager of institutional business at the Solana Foundation. “Bringing the DTCC Tokenization Service to Solana connects one of the most trusted names in post-trade infrastructure with a network built for always-on markets.”

DTCC is expanding the service across several network types:

• The service went live in late October on Canton Network (CC) and DTCC’s private Besu blockchain.
• Stellar (XLM) and Circle’s Arc are on the roadmap for next year, according to CoinDesk.

The announced Solana deployment extends that multi-network approach and gives institutions an additional venue for accessing tokenized assets within the eligibility and ownership-rights framework DTCC has described.

The next hard checkpoint is the second half of 2027, when DTCC plans to bring the service to Solana. Until then, the eligible-security list, issuance timetable and on-chain volumes will determine whether the connection changes post-trade market structure or remains an additional access route.