DTCC launches limited tokenized securities trading in July with 50+ firms, scaling to full rollout in October.
Tech & Launches ·
The Depository Trust & Clearing Corporation is launching a limited rollout of tokenized securities trading in July, with participation from 50 or more firms whose input will inform a full launch scheduled for October. This marks DTCC's move from experimental pilots into regulated production services for onchain asset settlement and custody.
As the central post-trade utility underpinning U.S. securities markets, DTCC processes trillions of dollars annually and safeguards over 100 trillion dollars in assets through its subsidiaries, including The Depository Trust Company. The tokenization initiative aims to bring real-world assets onto blockchain infrastructure—including permissioned networks and connections to public chains—while maintaining the clearing, settlement, and risk mitigation frameworks that traditional markets depend on. DTCC's development follows partnerships with major financial institutions and blockchain platforms.
Key questions remain about which asset classes will be included in the July phase, how the 50+ participating firms were selected, and what specific technical or regulatory criteria will determine readiness for October's broader rollout. Details on custody models, interoperability scope, and retail access within the tokenized framework have not been disclosed.