DTCC targets second half of 2027 to put tokenized securities on Solana

The Depository Trust & Clearing Corporation — the plumbing behind most U.S. securities settlement — said on Thursday it intends to make tokenized versions of eligible assets held by its Depository Trust Company subsidiary available on Solana in the second half of 2027, according to The Block, which cited DTCC's own announcement.

The move extends the DTCC Tokenization Service, which went live Oct. 28 on Canton Network and DTCC's private Besu network. Through it, eligible users can convert securities into tokenized form and back again, with delivery to a digital wallet of their choosing. DTCC flagged at that launch that it planned to add more blockchains in 2027; Solana is the first named network in that expansion.

The legal basis is a no-action letter the DTC received from the Securities and Exchange Commission in December 2025, which permits it to tokenize Russell 1000 stocks, major U.S. equity-index ETFs, and U.S. Treasury bills, bonds and notes. First limited production trades of tokenized stocks and Treasurys ran in July on Canton and Besu, including JPMorgan tokenizing part of its Invesco QQQ Trust holdings — with the ability to convert back to traditional shares retained throughout.

In the announcement, Brian Steele, president of DTCC Clearing & Securities Services, said tokenized assets on Solana and all integrated networks "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities."

Key facts

• Planned Solana availability: second half of 2027 (DTCC announcement, via The Block).
• Service launched Oct. 28, 2026 on Canton Network and DTCC's private Besu network (The Block).
• SEC no-action letter to DTC: December 2025, covering Russell 1000 stocks, major U.S. equity-index ETFs, and U.S. Treasurys (The Block).
• First limited production trades: July 2026, including JPMorgan tokenizing part of its QQQ holdings (The Block).
• 20 participants signed at the October launch, including Bank of America, Citi, JPMorgan, Morgan Stanley and UBS (The Block).
• DTC provided custody and asset servicing for $114 trillion in securities in 2025 (figure attributed to DTCC).

The real-world read

This is an intention, not a shipped product — the date is roughly 18 months out, and DTCC has named a network, not delivered an integration. Treat the 2027 timeline as a plan that can slip. The scope is also narrower than "securities on-chain" headlines imply: tokenization is limited to assets already eligible under the SEC no-action letter, and the mechanics keep a round-trip back to traditional shares, so these are wrapped versions of existing DTC-custodied securities rather than natively issued ones. The $114 trillion custody figure comes from DTCC itself and measures the whole depository, not tokenized volume — which, after a July pilot, remains small. The one named pilot trade so far is JPMorgan tokenizing its own QQQ position. Worth noting: this account rests on a single secondary report relaying DTCC's own statements; no independent confirmation of the Solana timeline was available beyond the company's announcement.

Opinion, and whose

DTCC's Brian Steele framed the expansion as preserving existing investor protections and ownership rights across every integrated network — a claim from the party building the service, not an independent assessment. No outside party was quoted assessing the 2027 timeline or Solana's suitability.

Sources

• The Block (reputable secondary, Nov. 12, 2026) — reported the planned Solana timeline, launch details, SEC no-action letter, pilot trades, and participant list; relayed DTCC's announcement and the Steele quote. The Block states sponsored content is labeled and not written by its editorial team; this was a news item, not sponsored.
• DTCC announcement (primary, cited by The Block) — source of the second-half-2027 plan and the Steele quote. As the service operator, DTCC is an interested party on claims about its own safeguards and scale.

This is news, not financial advice.