--- title: Tokenized US Securities Held at DTC Are Set for Solana in the Second Half of 2027 description: DTCC plans to put tokenized versions of DTC-held stocks, ETFs and Treasuries on Solana in the second half of 2027, after Stellar in the first half. author: Darie Nani (Editor-in-Chief) date: 2026-11-14T18:55:18.123Z updated: 2026-11-14T18:55:18.139Z canonical: https://www.sovereignmagazine.com/article/what-are-tokenized-securities image: https://cdn.nanimediahouse.com/pexels-woman-analyzing-financial-data-on-dual-screens-at-an-office--8204355.jpg categories: Blockchain content_type: News region: United States publication: Sovereign Magazine schema_type: Article about: - type: Organization name: DTCC description: The Depository Trust & Clearing Corporation, the post-trade market infrastructure that clears, settles and holds US securities through subsidiaries including the Depository Trust Company (DTC). url: https://www.dtcc.com --- Eligible US stocks, exchange-traded funds and Treasuries held at the Depository Trust Company (DTC) are expected to be available as tokens on the Solana blockchain in the second half of 2027, the Depository Trust & Clearing Corporation (DTCC) [said on Nov. 12](https://www.dtcc.com/press-releases/2026/dtcc-tokenization-service-to-connect-with-solana). Each token represents a security that DTC continues to hold in custody. DTC, DTCC's depository subsidiary, holds more than $114 trillion in securities issued in over 150 countries and territories. ## DTCC Plans Stellar Access in the First Half of 2027 and Solana in the Second The DTCC Tokenization Service (DTS) [went live on Oct. 28](https://www.dtcc.com/press-releases/2026/dtcc-tokenization-service-goes-live) and currently works with the [Canton Network](https://www.sovereignmagazine.com/article/digital-asset-canton-shinhan-standard-chartered-355m) and DTCC's own private Besu network. DTCC said at the launch that it would add more blockchain networks in 2027. In May, DTCC and the Stellar Development Foundation said they expect DTC-tokenized assets to be available on Stellar, which DTCC described as "a configurable and public blockchain", in the first half of 2027. ## DTC Keeps the Final Record and Approves Every Wallet DTCC calls the tokens "digital twins." Eligible users can convert securities between traditional and tokenized form and deliver the tokens to wallets of their choice. Brian Steele, president of DTCC Clearing & Securities Services, said DTC-tokenized assets on Solana and on every other network connected to the service "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities." Under a no-action letter that staff in the Securities and Exchange Commission's Division of Trading and Markets issued to DTC on Dec. 11, 2025, only highly liquid securities qualify: constituents of the Russell 1000 index, ETFs that track major indices and US Treasury securities. Tokens can move only between wallets that DTC has whitelisted and screened for compliance with US sanctions rules. DTC treats the participant attached to a whitelisted wallet as the holder, and whether a broker's own customers can use such wallets depends on future agreements between brokers and their customers. DTC keeps the final record of who is entitled to each tokenized security and can alter transactions or destroy tokens in specified cases, such as erroneous or illegal transfers. Any blockchain DTC uses has to meet objective, neutral and publicly available standards covering reliability, security and governance. ## Bank of America, Citadel Securities and Fidelity Are Among 20 Signed Users Twenty DTC participants have signed agreements to use DTS, among them Bank of America, Citadel Securities, Edward Jones, Fidelity Investments, J.P. Morgan, Morgan Stanley and the brokerage platform Alpaca. DTCC says it will onboard more users on a rolling basis. More than 150 firms gave input on the service through a DTC industry working group, and about seven months after the SEC staff letter, DTCC and more than 30 firms completed initial limited-production trades. DTCC's partners on the service include BitGo, Fireblocks, Broadridge, Tradeweb, Virtu and Ondo, which already sells [tokenized US stocks through its own broker-dealer](https://www.sovereignmagazine.com/article/ondo-finance-oasis-pro-finra-tokenized-securities). ## FAQ **Q: What is an example of a tokenized security?** A tokenized share of a Russell 1000 company or a tokenized US Treasury security held at DTC is an example. The SEC and CFTC separate two kinds: tokens created by or on behalf of the issuer, and tokens created by unaffiliated third parties, which may carry different legal rights from the security itself. **Q: What does it mean if a stock is tokenized?** It means the record of who owns the stock is kept in whole or in part on a blockchain rather than only in a traditional ledger. In a joint interpretation on March 17, 2026, the SEC and the Commodity Futures Trading Commission said a security formatted or represented as a crypto asset is still a security, onchain or offchain. DTC's service creates and tracks the tokens but does not clear or settle trades in them. **Q: Why would someone buy a tokenized stock instead of a stock itself?** DTCC says the banks and brokers that use its service gain faster settlement, the ability to mobilize collateral within minutes, extended trading hours and lower cost and risk. Individual investors would reach DTC's tokens only through their broker.