Wall Street: DTCC paves the way for $30 trillion in tokenized assets

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https://cryptoast.fr/dtcc-lance-service-tokenisation-30-000-milliards-wall-street/

This is a major step for the tokenization of financial assets. The Depository Trust & Clearing Corporation (DTCC), which provides a large part of the clearing, settlement and custody operations for American securities, launched its tokenization service on Wednesday.

Called DTCC Tokenization Service (DTS), it allows financial institutions to convert stocks, ETFs and Treasury bills into tokens, then transfer them to a blockchain.

Its subsidiary, the Depository Trust Company (DTC), maintains more than $114 trillion in financial securities. The new service potentially involves some $30 trillion in assets, although only 34 securities are eligible for launch.

This day marks the culmination of years of work to integrate tokenized securities into a regulated framework, supported by trusted market infrastructure.

The launch comes ten months after the regulatory green light from the SEC, granted in December 2025 for a period of three years. It notably covers Russell 1000 stocks, ETFs tracking major indices and US Treasury bonds.

Each token is backed by a security held by the DTC and has the same CUSIP identifier, used to identify US securities.

Unlike synthetic stocks, which simply replicate price movements, these tokens retain the economic rights and legal protections of traditional securities.

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Their main advantage lies in their availability, since transfers can be carried out 24 hours a day, seven days a week, between wallets registered on the same blockchain. The conversion between classic securities and tokens, however, remains subject to specific times.

The objective is in particular to speed up transactions and facilitate the use of financial securities as guarantees in certain operations.

In total, 20 establishments have signed agreements to access the service, including JPMorgan, Citi, Bank of America, Morgan Stanley, UBS, Barclays, State Street and the French BNP Paribas. Broker Alpaca and Citadel Securities are also among the first participants.

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Technically, DTS currently runs on Canton Network, a blockchain for financial institutions, as well as a private DTCC network based on Besu, software compatible with Ethereum. Other networks are expected to follow in 2027, including Arc, the blockchain developed by Circle, and Stellar. DTCC also works with several players in the crypto ecosystem, including Ondo, Fireblocks and BitGo.

Machine-translated from French