DTCC launches tokenisation service with 34 securities in its opening range

DTC launched the DTCC Tokenization Service on 28 October. The service creates tokenised representations of securities held at the depository and starts with Canton Network and DTCC’s private Besu network. Further networks are planned for 2027.[4]

The current product page lists 34 securities available to tokenise at launch. DTCC’s release says 20 DTC participants have signed access agreements, with more firms to be onboarded. Those measures describe the opening range and contracted participation, not an outstanding token balance.[3][4]

Legal rights and registered wallets

DTC describes the tokenised representations as carrying the underlying securities’ legal rights, economic interests and protections. The product page states one-for-one backing and 24/7 intra-chain transfers between DTC-registered wallets. Participation remains within the service’s eligibility and compliance framework.[3]

The official hub describes a voluntary service for eligible DTC participants under the December 2025 SEC no-action framework and its three-year period. A registered-wallet transfer, a conversion between conventional and tokenised form, and the settlement of cash are separate operational steps.[5]

From July production activity to October launch

DTCC’s 15 July announcement recorded limited-production activity involving more than 30 firms. The earlier October outline cited in this article was reported through Genfinity and Markets Media. The 28 October primary launch announcement now establishes the service’s live status.[2][1][4]

For an intermediary, the implementation task is to reconcile custody entitlements, token representations and completed transfer instructions without counting the same holding twice. Funding availability and cash settlement must be tracked alongside the securities movement. These are operational implications of the service design.[3]

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