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DTCC completes US trades using tokenised assets
16 July 2026 US
Image: ckybe/stock.adobe.com
The Depository Trust & Clearing Corporation (DTCC) announced that it has successfully converted assets held at The Depository Trust Company (DTC) into tokens that were then used in real production trades.
The tokenised trades were processed on 15 July, which set the stage for the DTCC Tokenization Service to launch in October 2026.
The service will enable the issuance of tokenised representations (also referred to as digital twins) of real-world assets that can be sent to DTC Participant wallets of choice.
Over 30 participants, including traditional financial institutions and digital firms, participated in this recent initiative — including Alpaca, BetaNXT, BitGo Bank & Trust, BlackRock, Blockdaemon, Chainlink, and BNP Paribas Securities Corporation.
The digital conversions occurred on HyperLedger Besu (DTCC’s private network) and Canton (a public network).
Frank La Salla, president and chief executive of DTCC, states: “DTCC demonstrated that we can apply the same institutional rigor to tokenisation as we do for traditional assets while continuing to safeguard the integrity and resiliency of the global financial markets.
“The DTCC Tokenization Service will institutionalise tokenised markets on day one and will be a critical enabler of the digital ecosystem of the future, while reinforcing trust, safety, and scale in a digital world.”
The event featured several transactions made across various asset classes in a DTC production environment, including collateral pledge, security lending, US Treasury/repo delivery-versus-payment (DVP) trade, equity DVP trade, equity delivery-versus-delivery trade, equity token transfer, and central counterparty margin workflows.
The transactions using DTC-tokenised securities were conducted over the course of several hours and designed and selected to convey real-world use cases.
Brian Steele, president of clearing and securities services at DTCC, says: “DTCC successfully showcased how tokenisation can enable real-time collateral mobility, enhance liquidity and capital efficiency, reduce counterparty risk, and support interoperability between traditional and digital ecosystems.”
Nadine Chakar, managing director, global head of DTCC digital assets, adds: “Because of DTCC’s role in global financial markets, we convened key industry participants to help us design the DTCC Tokenization Service.
“DTCC demonstrated that the safest, most direct path to decentralisation runs through trusted financial market infrastructures and that legacy and Web3 ecosystems can coexist without disruption.”
This milestone comes seven months after DTC received a no-action letter from the US Securities and Exchange Commission, authorising DTC to operate a tokenisation service for real-world assets it custodies.
The tokenised trades were processed on 15 July, which set the stage for the DTCC Tokenization Service to launch in October 2026.
The service will enable the issuance of tokenised representations (also referred to as digital twins) of real-world assets that can be sent to DTC Participant wallets of choice.
Over 30 participants, including traditional financial institutions and digital firms, participated in this recent initiative — including Alpaca, BetaNXT, BitGo Bank & Trust, BlackRock, Blockdaemon, Chainlink, and BNP Paribas Securities Corporation.
The digital conversions occurred on HyperLedger Besu (DTCC’s private network) and Canton (a public network).
Frank La Salla, president and chief executive of DTCC, states: “DTCC demonstrated that we can apply the same institutional rigor to tokenisation as we do for traditional assets while continuing to safeguard the integrity and resiliency of the global financial markets.
“The DTCC Tokenization Service will institutionalise tokenised markets on day one and will be a critical enabler of the digital ecosystem of the future, while reinforcing trust, safety, and scale in a digital world.”
The event featured several transactions made across various asset classes in a DTC production environment, including collateral pledge, security lending, US Treasury/repo delivery-versus-payment (DVP) trade, equity DVP trade, equity delivery-versus-delivery trade, equity token transfer, and central counterparty margin workflows.
The transactions using DTC-tokenised securities were conducted over the course of several hours and designed and selected to convey real-world use cases.
Brian Steele, president of clearing and securities services at DTCC, says: “DTCC successfully showcased how tokenisation can enable real-time collateral mobility, enhance liquidity and capital efficiency, reduce counterparty risk, and support interoperability between traditional and digital ecosystems.”
Nadine Chakar, managing director, global head of DTCC digital assets, adds: “Because of DTCC’s role in global financial markets, we convened key industry participants to help us design the DTCC Tokenization Service.
“DTCC demonstrated that the safest, most direct path to decentralisation runs through trusted financial market infrastructures and that legacy and Web3 ecosystems can coexist without disruption.”
This milestone comes seven months after DTC received a no-action letter from the US Securities and Exchange Commission, authorising DTC to operate a tokenisation service for real-world assets it custodies.
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