Leading Wall Street operator Depository Trust and Clearing Corporation (DTCC) announced on Monday that it will begin limited production trading of tokenized securities in July, with a broader launch of the platform scheduled for October.
The service, built within DTCC’s Depository Trust Company, will enable companies to issue digital versions of assets already in custody while maintaining the same ownership and protection, according to a press release.
The company said the system was shaped with input from more than 50 companies, including BlackRock, Goldman Sachs, JPMorgan, and crypto-native companies such as Anchorage and Circle.
This initiative represents one of the most concrete timelines yet for core parts of market infrastructure to transition to blockchain-based payments. DTCC is located at the heart of the U.S. market, processing trillions of transactions every day and serving as a custodian for more than $114 trillion in securities.
Tokenization, the process of representing assets such as stocks and bonds on a blockchain, is gaining increasing interest among traditional financial institutions. Proponents say it can speed up settlement times, reduce costs and open the market to new participants.
“We believe that tokenization will revolutionize the way markets work and operate, bringing new levels of liquidity, transparency and efficiency to investors,” said Frank La Sala, President and CEO of DTCC.
Promoting tokenization of Wall Street
DTCC’s move comes as other Wall Street businesses push toward tokenization.
Nasdaq is working on a framework for companies to issue blockchain-based stock, partnering with the parent company of cryptocurrency exchange operator Kraken to distribute shares around the world, which could begin as early as 2027. Intercontinental Exchange, which owns the New York Stock Exchange, is also backing plans for tokenized stocks through a deal with crypto platform OKX, aiming to tap into its large user base.
These efforts reflect a broader race to build what is being called a “everything exchange,” where stocks, bonds and digital assets are traded on shared infrastructure.
DTCC is gradually building toward this moment. The company has been testing distributed ledger systems for years, participating in projects such as the institution-focused Canton Network (CC). In December, the company received a no-action letter from the SEC, allowing it to offer tokenization services for a defined set of assets, including Russell 1000 stocks, ETFs, and U.S. Treasuries.
Read more: Here’s why the owners of Nasdaq and NYSE are putting their $126 trillion stock market on the blockchain
