The Depository Trust & Clearing Corporation (DTCC) said Monday that it has made new progress and clarified the timelines for the delivery of its tokenization service—an initiative aimed at bringing real-world tokenized securities to the same infrastructure used by U.S. capital markets today.
Two-phase rollout for tokenized RWAs
DTCC he said the service will move in two phases. It plans to facilitate initial, limited “production” trades of real-world assets (RWA) tokenized using the tokenization service in July 2026. After that trial period, DTCC expects to launch the service more fully in October of this year.
DTCC’s tokenization service, as described in the release, is designed to tokenize real assets under DTC’s custody while preserving the fundamental rights investors expect from securities held in traditional form.
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The company said tokenized assets backed by a Depository Trust Company (DTC) will provide “the same rights, investor protection and ownership rights” as conventional ones custody arrangements.
DTCC further emphasized that the service is built on DTC’s existing resilience and accountability, noting that DTC already safeguards more than $114 trillion in assets.
In remarks accompanying the announcement, Brian Steele, DTCC director and president of clearing and securities services, said the goal is to provide “systemic scale where deep liquidity already exists.”
Steele also described the effort as a way for the service to evolve “in line” with current industry needs and anticipated future demands—while the market collectively builds what DTCC calls “a digital ecosystem.”
How DTCC plans to bridge TradFi and DeFi
DTCC’s digital asset leadership also linked the initiative to broader infrastructure goals. Nadine Chakar, DTCC director and global head of digital assets, said tokenization is a “critical step” towards building a digital infrastructure for the future.
She added that DTCC aims to remain at the forefront of innovation by supporting a scalable, interoperable and risk-managed Web3 environment, which uses digital technology book deliver real value to the wider industry.
The DTCC said the companies involved in the industry task force represent a broad cross-section of roles, including custodians, asset managers, brokers, trading venues, application providers and back-end service providers.
Participating companies include Anchorage Digital, Bank of America, BitGo Bank, BlackRock and Ripple Prime, as well as more than 50 other companies from the traditional finance (TradFi) and crypto industries.
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DTCC President and CEO Frank La Salla described the project as a step toward bridging TradFi and decentralized finance (DeFi) through a structured, ongoing dialogue.
La Salla said the DTCC continues to convene a broad group of industry leaders for support adoption of digital assets and innovation, and that the organization sees its vision of tokenization realized through the launch of the service and “successfully bridging TradFi and DeFi.”
Featured image from OpenArt, chart from TradingView.com
