The DTC unit will begin processing limited tokenized trades in July before opening the service more broadly in October.
The Depository Trust & Clearing Corporation (DTCC) on Monday laid out a concrete timeline for its long-awaited tokenization service, saying it plans to facilitate initial trades of tokenized real-world assets in July before a broader launch in October.
The company said the service, being built by its subsidiary The Depository Trust Company (DTC), is being designed in collaboration with more than 50 financial industry firms.
DTC’s tokenization service will allow real-world, DTC-custodied assets to be tokenized while preserving the same entitlements, investor protections, and ownership rights as the underlying securities held in traditional form, according to a press release.
The update follows the SEC’s no-action letter issued in December 2025, which authorized DTC to offer the service to its participants and their clients for a three-year period. Eligible assets under the authorization include constituents of the Russell 1000 index, major equity index ETFs, and U.S. Treasury bills, notes, and bonds.
The industry working group has been central to shaping the service’s rollout, with DTCC framing the broad participation as evidence that traditional finance is ready to plug into blockchain rails through trusted intermediaries.
“DTC’s tokenization service is designed to provide systemic scale where deep liquidity already lives,” said Brian Steele, DTCC Managing Director, President, Clearing & Securities Services.
The service will be built on DTCC’s ComposerX platform suite, which the firm has positioned as a bridge between traditional and digital markets. DTCC has also said it will use the Canton Network as the underlying infrastructure for tokenizing U.S. Treasury securities.
The phased rollout reflects DTCC’s broader push to position itself at the center of tokenized market infrastructure as Wall Street pivots toward on-chain settlement.
In March, DTCC co-published a joint report arguing that interoperability between blockchain and traditional ledgers is essential for digital asset securities to scale. The firm has also been at the center of debates over how tokenized equities will settle, particularly as Nasdaq pursues its own tokenized stock listings.
DTCC said it will continue working with the industry group to align best practices, prove out operational and technical workflows, and demonstrate that tokenized assets issued through the service can interoperate across multiple chains.
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