Top Wall Street trader Depository Trust & Clearing Corporation (DTCC) said on Monday it will begin limited production operations of tokenized securities in July, with a broader launch of its platform scheduled for October.
The service, created within DTCC’s Depository Trust Company, will allow companies to issue digital versions of assets already in custody, while maintaining the same ownership rights and protections, according to the press release.
The system is being set up with contributions from more than 50 companies, including BlackRock, Goldman Sachs, JPMorgan and crypto-native companies such as Anchorage and Circle, the company said.
The effort marks one of the most concrete timelines yet for a central piece of market infrastructure moving to blockchain-based settlement. DTCC is at the center of the US markets, processing trillions of trades daily and acting as custodian of more than $114 trillion in securities.
Tokenization (the process of representing assets such as stocks or bonds on a blockchain) has sparked growing interest among traditional financial institutions. Proponents say it can reduce settlement times, cut costs and open markets to new participants.
“We believe tokenization will significantly change the way markets function and operate, bringing new levels of liquidity, transparency and efficiency to investors,” said Frank La Salla, President and CEO of DTCC.
The Wall Street tokenization push
DTCC’s move comes as other Wall Street traders are pushing toward tokenization.
Nasdaq is working on a framework for companies to issue blockchain-based shares and is partnering with the parent company of cryptocurrency exchange operator Kraken to distribute them globally, with a possible launch as early as 2027. Intercontinental Exchange, which owns the New York Stock Exchange, has also backed plans for tokenized shares through a deal with cryptocurrency platform OKX, aiming to take advantage of its large user base.
These efforts reflect a broader race to build what some call an “everything exchange,” where stocks, bonds and digital assets are traded on shared infrastructure.
DTCC has been gradually moving towards this moment. The company has been testing distributed ledger systems for years and has joined projects such as the institution-focused Canton Network (CC). In December, it obtained a no-action letter from the SEC, allowing it to offer tokenization services for a defined set of assets, including Russell 1000 stocks, ETFs, and US Treasuries.
Read more: Here’s why Nasdaq and the owner of the NYSE are putting the $126 trillion stock market on blockchain
