Key Highlights
- The collaboration involves DTCC joining forces with over 50 companies to tokenize assets worth more than $114 trillion.
- The project joins leading banks, asset managers, and cryptocurrency exchanges via an industry-wide working group.
- The SEC has approved a three-year approval window for the tokenization of select assets.
The Depository Trust and Clearing Corporation (DTCC), a key market infrastructure provider for the global financial services industry, today announced that it will bring over 50 major financial firms in a coordinated effort to tokenize assets estimated at over $114 trillion to accelerate its push into digital assets.
According to the announcement, the partnership is taking place through the DTCC Industry Working Group, a coalition made up of various stakeholders from the financial industry. These include global banks, asset managers, cryptocurrency firms, and financial market infrastructure providers, among others.
Some of the well-known stakeholders in the group include Bank of America, BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, Ripple Prime, Robinhood, and Kraken’s parent company, Payward.
Frank La Salla, DTCC President and CEO, stated, “As a global leader in financial services, DTCC continues to galvanize a broad cross-section of industry leaders to facilitate ongoing, robust dialogue that drives widespread digital asset adoption and advances innovation. Our vision is coming to fruition: launching our tokenization service and successfully bridging TradFi and DeFi.”
Roadmap for implementation
DTCC has outlined a phased roadmap. It will enable limited trades of tokenized real-world assets through the DTC service in July 2026, after which the complete rollout of the service will be carried out in October 2026.
This development is being carried out in collaboration with the working group, focusing on workflow optimization, chain interoperability, and technical validation in production-like environments.
In December 2025, DTC received a No-Action Letter from the U.S. Securities and Exchange Commission (SEC), providing three years of authorization to offer the tokenization service. Authorization is available for highly liquid assets, such as those included in the Russell 1000 Index, ETFs linked to broad market indexes, and U.S. Treasuries.
Nadine Chakar, DTCC Managing Director and Global Head of Digital Assets, added, “Tokenization is an important and critical step toward building tomorrow’s digital infrastructure. DTCC is committed to remaining at the forefront of innovation and championing a scalable, interoperable, and risk-managed Web3 ecosystem that harnesses the power of digital ledger technology and delivers real value to the industry.”
Backing blockchain network
In a separate development, DTCC became a Super Validator on the Canton Network after Canton Improvement Proposal CIP-0083 was enacted. This was sanctioned by the governance vote that was held by the operators of the existing super validator node.
With this new appointment, DTCC will support the underlying architecture of the permissioned blockchain network to bolster the system’s institutional control and integrity. This is considered a key technological advancement within the Canton Network.
Collaborative approach
The project reflects DTCC’s broader strategy to develop infrastructure for post-trade processing of digital assets while maintaining its focus on risk management and market stability. By enabling tokenization of assets held within DTC, the initiative seeks to create smoother connections between traditional finance and blockchain-based systems.
The involvement of major financial institutions and digital asset firms highlights a coordinated approach to addressing the complexities associated with tokenized assets.
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