The Depository Trust & Clearing Corporation (DTCC) has secured regulatory clearance from the US Securities and Exchange Commission (SEC) to launch a new service for the tokenisation of traditional securities.
DTCC confirmed that its subsidiary, The Depository Trust Company (DTC), has received a No-Action Letter (NAL) from the SEC, authorising it to offer a tokenisation service for DTC-custodied assets in a controlled production environment.
The service, which will be available to DTC Participants and their clients on pre-approved blockchains, is expected to begin its roll-out in the second half of 2026 and is authorised to operate under the NAL for a three-year period.
The initial scope of the service is limited to highly liquid assets, including US Treasury bills, bonds, and notes, exchange-traded funds (ETFs) tracking major indices, and securities within the Russell 1000 index.
DTCC President and CEO, Frank La Salla, said: “Tokenising the US securities market has the potential to yield transformational benefits such as collateral mobility, new trading modalities, 24/7 access and programmable assets but this will only be achievable if market infrastructure provides a robust foundation to usher in this new digital era.”
The firm confirmed that the digital version of any asset will carry the same entitlements, investor protections, and ownership rights as its traditional form, alongside DTC’s standard levels of resilience and safety. The tokenisation approach is underpinned by DTCC’s suite of platforms, ComposerX.
DTC plans to release further details on on-boarding requirements, including wallet registration and the approval process for L1 and L2 networks, in the coming months.
