DTCC Picks Solana to Put Tokenized US Securities Onchain in 2027

Solana just landed a Wall Street badge. The Depository Trust & Clearing Corporation said on November 12 that its Tokenization Service will connect to Solana's Layer 1 network in the second half of 2027, letting eligible assets held by The Depository Trust Company be represented as blockchain tokens.

The counterparty is heavy. DTC's depository provided custody and asset servicing for roughly $114 trillion in securities during 2025. DTCC's tokenization service went live October 28 and covers selected US equities, exchange-traded funds and Treasury securities under a framework set up after a December 2025 SEC no-action letter. The initial launch took in 34 eligible securities worth about $30 trillion — a figure that reflects what's eligible for tokenization, not what has already been issued onchain — with JPMorgan, Citi and Morgan Stanley among the participants.

DTCC CEO Frank La Salla said the Solana expansion gives market participants more ways to reach tokenized securities while keeping established financial protections in place. Unlike synthetic tokens that simply track a stock price, DTC-tokenized assets are built to carry existing ownership rights, investor entitlements and regulatory safeguards. Solana already runs tokenized US stock products tied to Apple, Nvidia and Tesla.

Solana isn't DTCC's first chain. The service debuted on Canton Network and DTCC's private Besu infrastructure, with a separate Stellar integration slated for the first half of 2027. That multichain setup is aimed at letting securities travel between financial networks without breaking compliance. DTCC previewed tokenized securities transactions in July, before the October production launch.

Solana's tokenized-equity market is already moving. Tokenized stock trading hit $657 million earlier this month, with Backpack handling about 91% of that day's activity, and Ondo Finance recently added tokenized investment products for eligible Solana users. DTCC hasn't said how many securities will ultimately be issued on Solana or whether ordinary retail wallets will qualify to hold them — and the announcement sets no direct link between securities tokenization and SOL's market price.