Wall Street's central depository plans to bring tokenized securities to Solana in 2027

The Depository Trust & Clearing Corporation, which settles most American share and bond trades and holds the securities behind them, said on 12 November that it plans to connect its new tokenization service to Solana. Firms would be able to turn eligible securities held at its depository into tokens on that blockchain. Nothing is live yet: the connection is planned for the second half of 2027.

A token here is a digital twin of a share or bond that the depository goes on holding, and it can be delivered to a digital wallet of the owner's choosing. The service went live on 28 October. It covers a narrow set of securities: stocks in the Russell 1000 index, exchange-traded funds that track major indices, and US Treasuries. That limit comes from the SEC, whose staff said in December 2025 that they would not object to the service on those terms. So far it runs on the Canton Network and on a private network the company operates itself. Solana is a public blockchain.

"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, its chief executive. Brian Steele, who runs its clearing and settlement business, said tokens on Solana "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities". Nick Ducoff of the Solana Foundation, the non-profit that backs the network, was blunter. "Institutions choose Solana because it already runs real financial activity at scale."

The announcement names no customer, no list of securities and no date more precise than a half-year. It also says nothing about money. A share that moves on Solana still has to be paid for. The announcement does not say whether buyers would pay in a stablecoin, in a bank's tokenized deposits or by an ordinary bank transfer.

Solana is unlikely to be the only addition. Decrypt, citing a DTCC fact sheet, reports that the Stellar network and Arc, the blockchain built by the stablecoin issuer Circle, are also due to join in 2027. DTCC's launch announcement in October said only that more networks would follow. That announcement named 20 firms signed up to use the service, among them Bank of America, Citi, JPMorgan, Morgan Stanley and UBS. Decrypt adds that Morgan Stanley said last week it had already tokenized US stocks and Treasuries through it.