- DTCC will begin tokenized securities trades in July before a full October service launch.
- The service will cover Russell 1000 stocks, major index ETFs, and U.S. Treasury assets.
- More than 50 firms joined the DTCC group, including Wall Street and crypto-native firms.
The Depository Trust & Clearing Corporation (DTCC) will start tokenized securities trading in July through limited production trades. A full launch is planned for October, bringing DTCC’s blockchain service to a custody base of $114 trillion in assets.
According to a press release, the service will focus on a defined group of highly liquid assets. These include Russell 1000 constituents, exchange-traded funds that track major indexes, and U.S. Treasury bills, bonds, and notes.
DTCC Gains Industry Support for Tokenization
DTCC developed the service with an industry working group of more than 50 financial firms. The group includes companies from both traditional finance and decentralized finance.
BlackRock, Goldman Sachs, Bank of America, and Citadel Securities are among the Wall Street firms involved. The group also includes Circle, Coinbase, and Kraken.
The mix of firms shows support from both legacy market players and crypto-native platforms. Circle issues the USDC stablecoin, while Coinbase and Kraken operate crypto exchanges.
DTCC President and CEO Frank La Salla said the company is bringing together industry leaders to support digital asset adoption. He said the launch reflects DTCC’s plan to connect traditional finance with decentralized finance.
La Salla said tokenization could change how markets work. He pointed to liquidity, transparency, and efficiency as areas where the technology may bring value to investors.
DTCC’s Depository Trust Company is central to U.S. securities settlement. It processes most equity and fixed-income trades in American markets.
The plan follows regulatory approval received earlier this year. In December, the U.S. Securities and Exchange Commission approved DTCC’s pilot program to record U.S. securities on selected blockchains through registered wallets.
Tokenization Growth Drives RWA Market Expansion
The launch also comes as more Wall Street firms test tokenized assets. NYSE has partnered with Securitize for tokenized securities. Computershare has also used Securitize to tokenize thousands of company stocks.
Nadine Chakar, DTCC’s managing director and global head of digital assets, said tokenization is a key step toward digital infrastructure. She said DTCC aims to support a scalable, risk-managed Web3 ecosystem powered by distributed ledger technology.
However, the real-world asset sector was valued at about $25 billion as of May 4, 2026, according to DefiLlama. DeFi participation in real-world assets stood at $1.97 billion in total value locked.
Perpetual futures open interest was about $2.4 billion. The sector included 163 issuers.
Bonds made up the largest part of the real-world asset market, with more than $15 billion. Precious metals followed at $5.6 billion, while private credit reached $2.6 billion.
However, public equities accounted for $838 million, while smaller shares went to digital assets and other categories. The real-world asset market has grown since 2022, with faster expansion in 2024 and 2025.
Related: ECB Sets Conditions for Tokenization in Europe’s Capital Markets
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