DTCC subsidiary authorized to offer tokenization service for US securities beginning 2026
DTC received SEC approval to offer a tokenization service for U.S. securities starting in the second half of 2026.Summary
The Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), has secured a No-Action Letter from the U.S. Securities and Exchange Commission (SEC) to launch a tokenization service for real-world, DTC-custodied assets.
Expected to roll out in the second half of 2026 under a three-year authorization, the service will allow DTC participants to tokenize highly liquid assets, including Russell 1000 constituents, certain ETFs, and U.S. Treasurys, on pre-approved blockchains using DTC’s ComposerX platform. These digital representations will maintain the same investor protections and ownership rights as traditional securities, aiming to create unified liquidity across traditional and digital markets.
DTCC views this as a key step in transitioning to digital markets, emphasizing that legal finality and protections must be maintained. This regulatory approval aligns with a broader, more crypto-friendly regulatory shift in Washington, following recent easing by the CFTC, and places DTCC alongside other major firms like JPMorgan and Coinbase exploring tokenization.
(Source：The Block)