DTCC Sets October Launch For Tokenized Securities Platform

• DTCC to launch tokenized securities platform in October, following July pilot with over 50 financial and crypto firms.
• Platform will offer blockchain-based assets with full legal protections, covering equities, ETFs, and U.S. Treasuries.
• Initiative integrates with existing systems, advancing tokenization while maintaining compliance under current regulations.

DTCC confirmed on May 4 that it will launch a tokenized securities service in October after testing begins in July, involving over 50 firms. The initiative, developed with firms like BlackRock, Goldman Sachs, Coinbase, and Circle, aims to bring real-world assets onto blockchain infrastructure. According to DTCC, the system will operate within existing U.S. market rules.

Industry Collaboration Drives Platform Development

DTCC said more than 50 institutions joined its Industry Working Group to design the service. Participants include major banks, asset managers, and crypto firms such as BlackRock, Goldman Sachs, and Circle.

Additionally, trading venues and infrastructure providers like Nasdaq and NYSE Group are involved. Kraken’s parent company, Payward, also participates in the initiative.

DTCC CEO Frank La Salla stated that collaboration supports broader digital asset adoption. He added that the goal is to connect traditional finance with blockchain-based systems.

Meanwhile, DTCC confirmed it holds custody of over $114 trillion in assets. This existing scale supports the platform’s integration into current market structures.

Tokenized Assets To Retain Full Protections

DTCC said tokenized assets will carry the same rights as traditional holdings. These include ownership protections, entitlements, and regulatory safeguards.

The service will initially cover highly liquid assets. These include Russell 1000 equities, major ETFs, and U.S. Treasury securities.

In December 2025, the SEC granted DTCC a no-action letter for the service. This approval allows operations for three years under defined conditions.

Nadine Chakar, DTCC’s head of digital assets, said tokenization supports future market infrastructure. She noted the focus remains on scalability and interoperability.

Pilot Timeline And Market Integration Plans

DTCC plans to begin limited production trades in July before the October launch. The pilot phase will test workflows and cross-chain interoperability.

Brian Steele, DTCC President of Clearing and Securities Services, said the system targets liquidity where markets already operate. He added that development aligns with industry needs.

The platform will not replace existing systems but integrate blockchain settlement into them. Trading will continue under current compliance standards.

Meanwhile, tokenized asset markets have expanded rapidly, with equities and funds driving growth. DTCC’s rollout adds to broader efforts to bring securities on-chain.

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