- DTCC processed live trades using tokenized DTC securities across private and public blockchain networks.
- More than 30 financial institutions participated in testing tokenized settlement, collateral, and securities workflows.
- The milestone advances DTCC’s Tokenization Service ahead of its planned October 2026 launch.
DTCC has completed live production trades using tokenized securities held at The Depository Trust Company, marking a key step before its Tokenization Service launches in October 2026. According to DTCC, the July 15 initiative involved more than 30 financial institutions and digital asset firms, demonstrating how DTC-custodied assets can move between traditional and blockchain-based markets.
Live Transactions Validate Tokenization Service
According to DTCC, securities held at DTC were converted into tokenized representations before completing production transactions across multiple blockchain networks. The digital conversions took place on HyperLedger Besu, DTCC’s private network, and Canton, a public blockchain, reflecting the firm’s multi-chain approach.
The initiative covered several real market activities over several hours. These included collateral pledges, securities lending, U.S. Treasury and repo delivery-versus-payment trades, equity delivery-versus-payment trades, equity delivery-versus-delivery transactions, equity token transfers and central counterparty margin workflows.
DTCC said the transactions tested whether tokenized assets could maintain the same operational standards as traditional securities while supporting blockchain-based settlement.
Broad Industry Participation
More than 30 organizations joined the production event. Participants included BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, New York Stock Exchange, Chainlink, Circle, CME Group, Microsoft, State Street Investment Management, Vanguard, Citadel Securities and Tradeweb.
According to DTCC President and CEO Frank La Salla, the initiative showed that tokenization can operate with the same institutional safeguards applied to traditional financial markets.
Meanwhile, Brian Steele, President of Clearing and Securities Services at DTCC, said DTC-tokenized securities retain existing investor protections, ownership rights and entitlements while supporting greater operational flexibility.
October Launch Draws Closer
The production milestone comes ahead of DTCC’s planned Tokenization Service launch in October 2026. According to Managing Director Nadine Chakar, DTCC developed the platform alongside its Industry Working Group, which now includes more than 100 members and partners.
The milestone also follows the U.S. Securities and Exchange Commission’s No-Action Letter issued to DTC seven months earlier. That authorization allows DTC to operate a tokenization service for real-world assets held in its custody. The service enables participants to convert securities between traditional and tokenized formats while using compatible digital wallets and blockchain applications.
