Catenaa, Monday, December 15, 2025- A key subsidiary of the Depository Trust and Clearing Corporation has received US regulatory clearance to launch a tokenization service for securities held in its custody, marking a structural shift in market infrastructure.
The Depository Trust Company said the Securities and Exchange Commission issued a No-Action Letter allowing it to tokenize certain real-world assets under a three-year authorization.
The service is expected to begin in the second half of 2026 and will be available to DTC participants and, indirectly, their clients.
The authorization covers a defined set of highly liquid assets, including stocks in the Russell 1000 index, exchange-traded funds tracking major US equity benchmarks, and US Treasury bills, notes and bonds. Digital tokens created through the service must reflect the same ownership rights, investor protections and economic entitlements as the underlying securities.
The tokenization platform will operate through DTCC’s ComposerX infrastructure and will be subject to the firm’s existing standards for risk management, operational resilience and settlement finality.
DTC said details on wallet registration and approval of blockchain networks will be released ahead of the rollout.
DTCC plays a central role in US financial markets, clearing, settling and safeguarding securities worth tens of trillions of dollars. DTC alone provides custody and asset servicing for securities valued at more than $100 trillion, according to recent figures.
Regulatory approval arrives as federal agencies take a more permissive stance toward blockchain-based market activity under the Trump administration. Recent policy changes have reduced constraints on digital asset structures and signaled broader acceptance of onchain infrastructure.
The move positions DTCC to link traditional post-trade systems with tokenized markets, with potential effects on liquidity, collateral use and settlement processes across US securities markets.
