DTCC has created a new business line dedicated to the tokenisation of traditional financial assets, marking the next phase of its digital strategy following regulatory approval secured in December.
In a communication sent to clients, the firm confirmed the launch of DTCC Digital Asset Solutions, a unit that will be responsible for developing and delivering tokenised products linked to assets custodied at the Depository Trust Company.
The move follows the SEC’s authorisation late last year, which allowed DTCC to offer a service to tokenise DTC‑custodied securities. At the time, the firm described the approval as a significant step in enabling regulated institutions to access tokenised markets through established post‑trade infrastructure.
In the latest update, DTCC said the new business line “reflects growing client interest in tokenization” and builds on the work of DTCC Digital Assets, formerly Securrency, which it acquired in 2023. The two units will work in partnership, with Digital Asset Solutions focused on tokenising traditional assets and DTCC Digital Assets continuing to develop digital‑native infrastructure and Web3‑based platforms.
DTCC Digital Asset Solutions will sit within the Clearing & Securities Services division and under the Equities portfolio. It will be led by Tom Sullivan, who has spent more than two decades at the firm in roles spanning securities operations and innovation. The communication stated that the new unit will “create a wide range of innovative solutions that are connected to existing DTCC assets and services” and will leverage technology developed by DTCC Digital Assets to ensure integration with the firm’s existing infrastructure and risk framework.
DTCC Digital Assets, led by Nadine Chakar, will continue to focus on tools such as ComposerX, LaunchPad and Collateral AppChain. The firm said this work remains central to its ambition to support the development of a broader digital ecosystem and to enable clients to use the same infrastructure that underpins DTCC’s own services.
As part of the restructuring, DTCC will establish a Digital Assets Solutions Advisory Council in the second quarter of 2026. The council will be made up of senior business leaders from client firms and will focus on business requirements, product prioritisation and client readiness for tokenisation initiatives. The existing Early User Working Group, formed last year to explore specific use cases, will be folded into the new council ahead of its first meeting in April.
The firm noted that the already‑established Digital Assets Advisory Council, aligned to DTCC Digital Assets, will continue to focus on broader digital asset infrastructure, innovation and interoperability. DTCC said the two councils will work closely to ensure strategic alignment across its digital initiatives.
In the communication, DTCC President and Chief Executive Frank La Salla said the firm would continue to apply the same standards of “risk management, resilience, security and trust” that clients expect from its traditional services. He added that DTCC “remains committed to partnering closely with our clients to lead the digital evolution of the global financial system and creating the digital platform of the future”.
The launch of DTCC Digital Asset Solutions signals a shift from regulatory approval to operational execution, and positions the firm to play a central role in the institutional adoption of tokenised assets as the market moves into its next phase.
See also: DTCC partners to tokenise treasuries, DTCC, Clearstream, Euroclear and BCG offer interoperability framework
