Summary
- The Depository Trust & Clearing Corp. (DTCC) said it plans to expand its securities tokenization service to the Solana (SOL) blockchain.
- DTCC said it will support the tokenization on the Solana blockchain of eligible securities held by its subsidiary, The Depository Trust Co. (DTC), with the service targeted for the second half of 2027.
- DTCC Chief Executive Officer Frank La Salla said expanding the service to Solana would give market participants more options for using tokenized assets and could also improve liquidity, collateral mobility and capital efficiency.
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The Depository Trust & Clearing Corp. plans to expand its securities tokenization service to the Solana blockchain.
DTCC said on Nov. 13 that it will support the tokenization on Solana of eligible securities held by its subsidiary, The Depository Trust Co. The target date for the rollout is the second half of 2027.
DTCC is a core financial market infrastructure provider responsible for clearing, settlement and depository services in the US securities market. Securities held and managed by DTC totaled about $114 trillion as of last year.
DTCC launched the securities tokenization service on Oct. 28. The service supports the conversion of eligible securities, including stocks, exchange-traded funds and US Treasuries, into blockchain-based tokens.
Expanding the service to Solana would broaden market participants' options for using tokenized assets, DTCC Chief Executive Officer Frank La Salla said. It would also improve liquidity, collateral mobility and capital efficiency.
Uk Jin
