DTCC announced on November 12 that it plans to connect its tokenization service to the Solana base blockchain in the second half of 2027. This integration makes Solana the fifth network named for the service, following the Canton Network, Besu, Stellar, and Circle’s Arc. The Depository Trust & Clearing Corporation stated that the link would handle conversions of eligible DTC-held assets and manage tasks throughout a token’s lifecycle. Brian Steele, Managing Director and President of DTCC Clearing & Securities Services, confirmed that tokens on Solana will "retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities."
Eligibility and Regulatory Scope
The service operates under an SEC no-action letter issued to DTC on December 11, 2025, which permits the pilot without enforcement action. Only firms with DTC accounts can hold these tokens, and they move exclusively between registered wallets. DTC assigns no collateral or settlement value to the tokens in its own risk checks, a limitation that restricts their utility for institutional clearing despite the broader market interest. Eligible securities are strictly limited to Russell 1000 stocks, Treasury bills, notes, bonds, and exchange-traded funds tracking major indices. The staff position lapses three years after DTC launches the pilot version covered by the letter, creating a defined window for this experimental framework.
Institutional Adoption and Timeline
Nick Ducoff, general manager for institutional at the Solana Foundation, said institutions choose Solana because it "already runs real financial activity at scale." Morgan Stanley reported using the service six days after the October 28 launch, signaling early adoption among major players. Formation Securities also plans a Solana trading venue for tokenized shares in 2027, further validating the network’s institutional appeal. However, DTCC noted that the roadmap may change, and the company did not specify which assets Solana will initially support beyond the general eligibility criteria. The Canton Network and private Besu network went live at launch, while Stellar is set for the first half of 2027. Circle’s Arc connection was expected in 2027, with Circle stating in August that the process would begin in the second half.
