The Depository Trust & Clearing Corporation (DTCC) says its tokenization process is now operational as a bridge between TradFi and digital assets. The official launch of DTCC Tokenization is scheduled for October 2026. It is important that DTCC prepares for the future, as multiple platforms are already providing tokenization services, and DTCC aims to protect its business as a key market infrastructure for the global financial services industry.
DTCC says that tokenized trades were processed today (July 15) and sets the stage for the DTCC Tokenization service. More than 30 firms participated in the test. The digital conversions used HyperLedger Besu (DTCC’s private network) and Canton. DTCC aims to support users’ multi-chain choice.
Several operations were processed, including Treasury/repo delivery-versus-payment (DVP) trades, equity DVP trades, equity delivery-versus-delivery (DVD) trades, equity token transfers, and central counterparty (CCP) margin workflows.
Frank La Salla, President and CEO of DTCC, said the test was indicative of his company applying the same institutional rigor it already has in place for processing digital assets.
DTCC benefits from its massive scale and market friction. In 2025, DTCC’s subsidiaries processed securities transactions valued at U.S. $4.7 quadrillion. The sheer size and existing regulatory moat will help DTCC protect its business. Meanwhile, multiple firms want to compete and gain market share away from the firm.
