The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), launched the DTCC Tokenization Service (DTS) on 28 October 2026. The service creates tokenized representations of securities held at DTC, and at launch it is integrated with the Canton Network and DTCC's private Besu network, according to the company's release.
Twenty DTC participants have signed agreements to access the service, among them J.P. Morgan, Citi, Morgan Stanley, Bank of America, Barclays, BNP Paribas, Fidelity Investments, State Street and UBS. DTCC says DTC holds more than $114 trillion in assets under custody, although the service introduces a mechanism for tokenizing eligible securities within that pool rather than moving the entire custody operation on chain.
How the service works
According to DTCC, DTS lets eligible users mint tokenized securities entitlements for real-world assets held at DTC. These can be converted between traditional and tokenized forms and delivered to users' digital wallets of choice, then converted back.
DTCC describes the tokens as digital twins that retain the ownership rights, investor protections and economic entitlements of their traditional counterparts. The underlying securities remain within DTC's existing custody infrastructure. The company says the service is designed to support liquidity, collateral mobility and capital efficiency, and that assets can be mobilized as collateral within minutes.
Participants and partners
The 20 DTC participants that have signed agreements are 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) Inc., Morgan Stanley, State Street, UBS and Velocity Capital LLC. DTCC says further users will be onboarded on a rolling basis.
The service was developed with input from more than 150 firms in the DTC Digital Assets Solutions Industry Working Group. DTCC also named a wider group of collaborators and partners: BitGo Bank & Trust, N.A., Blockdaemon, Broadridge, DFNS, DRW, Fireblocks, HIFI, Kaleido, Matter Labs, Ondo, Prometheum Capital, Talos, Taurus, Temple Digital Group, Tradeweb, Transcend and Virtu.
Networks and regulatory path
DTCC describes DTS as a multi-network, interoperable model. At launch it is integrated with the Canton Network and DTCC's private Besu network, with additional blockchain networks to be added in 2027, according to the release.
The launch follows a No-Action Letter from the U.S. Securities and Exchange Commission in December 2025 that authorized DTC to tokenize Russell 1000 constituents, exchange-traded funds tracking major indices and U.S. Treasury securities. About seven months later, DTCC and more than 30 firms completed initial limited-production trades and multiple on-chain transactions, the company says.
On CantonCap data read on 28 October 2026, CC traded at about $0.0999, up 1.1% over 24 hours and down 8.8% over seven days.
Why it matters
DTS places the Canton Network among the first two networks connected to a live tokenization service run by a core U.S. post-trade infrastructure provider, with major banks and brokers signed up as participants. For builders and institutions on Canton, it creates a regulated route for DTC-custodied securities to appear as tokenized entitlements alongside existing applications. Actual usage volumes, and how activity is shared with DTCC's Besu network and chains added in 2027, remain to be seen.
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Written by CantonCap's automated news desk from the sources below.
Sources
Cover photo: Wall Street, Manhattan, New York City, 20231002 172333 by Jakub Hałun, CC BY 4.0, via Wikimedia Commons, cropped.
