DTCC Tokenization Service Goes Live on Canton With 20 Firms Signed Up
The service mints tokenized versions of DTC-custodied stocks, ETFs and U.S. Treasuries, running on the Canton Network and DTCC's private Besu network.
Key Takeaways
- DTCC launched the DTCC Tokenization Service on October 28, 2026, creating tokenized representations of DTC-custodied securities.
- Twenty DTC Participants, including J.P. Morgan, Citi, Morgan Stanley, Fidelity Investments and BNP Paribas, have signed agreements to access the service.
- The service runs on the Canton Network and DTCC's private Besu network, with additional blockchain networks planned for 2027.
- DTC holds more than $114 trillion in assets under custody.
DTCC launched the DTCC Tokenization Service (DTS) on October 28, 2026. The service creates tokenized representations of securities held at The Depository Trust Company (DTC), bringing stocks, exchange-traded funds and U.S. Treasuries onto the Canton Network (CC) and DTCC's own private blockchain network.
DTS is one of the first services to move assets from a major financial market infrastructure onto public blockchain rails at scale. It is live after an SEC authorization in December 2025 and initial limited-production trades completed in 2026, DTCC said in its launch announcement.
How the Service Works
DTS mints digital twins of DTC-custodied securities. Eligible users can convert entitlements between traditional and tokenized forms and deliver them to the digital wallet of their choice. The tokenized securities keep the ownership rights, investor protections and economic entitlements of the traditional assets they represent.
The goal is to let investors move assets more efficiently, reach new liquidity pools and mobilize collateral within minutes. DTC has more than $114 trillion in assets under custody, and the SEC authorization covers Russell 1000 constituents, exchange-traded funds tracking major indices and U.S. Treasury securities. The broader theme is real world assets moving onchain, and the Canton Network price chart is where CC trades.
Who Is Using It
Twenty DTC Participants have signed agreements to access DTS: Alpaca, Apex Clearing Corporation, Barclays, Bank of America, BNP Paribas, Brown Brothers Harriman, Citadel Securities, Citi, Clear Street, DriveWealth, Edward Jones, Fidelity Investments, Interchange Clearing, J.P. Morgan, Marex, Mirae Asset Securities (USA), Morgan Stanley, State Street, UBS and Velocity Capital. More users will be onboarded on a rolling basis.
DTCC built the service with input from more than 150 firms in its Digital Assets Solutions Industry Working Group. A separate group of collaborators supports connectivity around the service, including BitGo Bank & Trust, Blockdaemon, Broadridge, Fireblocks, Ondo, Prometheum Capital, Talos, Tradeweb and Virtu.
Multi-Network Design
DTS uses a multi-network, interoperable model. It is integrated with the Canton Network and DTCC's private Besu network today, and DTCC plans to add more blockchain networks in 2027. Canton is a layer 1 network built for regulated financial markets, with privacy features that keep transaction details visible only to the parties involved.
Early transactions point to institutional use cases. BNP Paribas acted as lender in an intraday securities lending transaction involving tokenized U.S. Treasuries, and Societe Generale moved $10 million of tokenized U.S. Treasuries as collateral, both on the Canton Network.
What Comes Next
DTCC plans to onboard the remaining participants on a rolling basis and expand the set of eligible assets. Industry groups expect additional DTC- and Fed-eligible assets to follow as more firms connect wallets, nodes and applications to the service.
Frequently Asked Questions
When Did the DTCC Tokenization Service Launch?
It went live on October 28, 2026, after SEC authorization in December 2025 and initial limited-production trades earlier in 2026.
Which Blockchains Does the DTCC Tokenization Service Run On?
It is integrated with the Canton Network and DTCC's private Besu network. DTCC plans to add more blockchain networks in 2027.
Which Firms Are Using the DTCC Tokenization Service?
Twenty DTC Participants have signed agreements, including J.P. Morgan, Citi, Morgan Stanley, Fidelity Investments, Bank of America and BNP Paribas.
What Assets Does the DTCC Tokenization Service Tokenize?
It creates tokenized representations of DTC-custodied securities. The SEC authorization covers Russell 1000 constituents, ETFs tracking major indices and U.S. Treasury securities.
Sources
- DTCC Tokenization Service Goes Live, Marking Major Milestone in the Adoption of Digital Assets · DTCC
- DTCC Tokenization Service on Canton · Canton Network
Prices and market data: Coinranking.
