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DTCC plans to launch its DTC tokenization service in October after starting limited production trades in July, marking a production-stage step for tokenized securities in U.S. market infrastructure.
The Depository Trust & Clearing Corporation (DTCC) said the service is being developed with input from more than 50 firms across traditional finance and digital assets.
July Trades Will Test Custody and Settlement Workflows
DTCC plans to facilitate initial, limited production trades of real-world assets tokenized through DTC’s service in July 2026. If those trades work as expected, DTCC plans to move ahead with a broader launch in October.
The tests are meant to show whether tokenized DTC assets can support live custody, settlement and corporate-action workflows. DTCC also wants to test whether the assets can operate across multiple blockchain networks.
DTC Service Starts With $114T Custody Base
The service will focus on real-world assets already custodied by DTC. DTCC said tokenized assets issued through the service will carry the same entitlements, investor protections and ownership rights as the traditional securities they represent.
DTC currently custodies more than $114 trillion in assets. That gives the project direct relevance to the core infrastructure used in U.S. securities markets. DTCC said the model is designed to keep tokenization tied to existing market safeguards rather than creating a separate synthetic market for tokenized exposure.
SEC Relief Gives DTC Three-Year Launch Window
DTCC said SEC staff no-action relief gives DTC a defined window to offer the tokenization service to DTC participants and their clients. The relief is expected to run for three years from launch.
The starting asset scope includes highly liquid securities such as Russell 1000 constituents, ETFs tracking major indexes and U.S. Treasury bills, notes and bonds. That gives DTCC a controlled starting point in large, liquid markets before any broader expansion.
More Than 50 Firms Advise DTCC Rollout
DTCC’s working group includes custodians, brokers, asset managers, trading venues, clearing firms, crypto infrastructure providers and DeFi-linked companies.
Participants include BlackRock, Bank of America, Goldman Sachs, J.P. Morgan, Citi, Charles Schwab, Circle, Fireblocks, Ondo Finance, Robinhood, Ripple Prime, Nasdaq and NYSE Group.
For DTCC, the next test is execution. The July trades will show whether tokenized securities can move through DTC’s infrastructure while preserving the rights and protections attached to traditional assets.
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Fhumulani Lukoto
Cryptocurrency Journalist
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.