DTCC plans to launch its Tokenization Service this month after 30-plus firms tested the rails

The Depository Trust & Clearing Corporation plans to launch its Tokenization Service this month. More than 30 firms already used its tokenized securities services in July. The service is scheduled for commercial launch in October 2026, with detailed announcements expected in mid-October. It will let participants create tokenized versions of eligible securities held in custody at The Depository Trust Company, the DTCC subsidiary better known as DTC. The tokens are designed to keep the same legal rights and investor protections as the underlying book-entry securities. DTC remains the official record keeper. The initial offering is set to include 25 tokenized securities representing approximately $30 trillion in assets. The lineup draws from Russell 1000 equities, major ETFs, and US Treasuries. The chains, the standards, and the testers At launch, tokenization will run on a permissioned, multi-chain basis using the Canton Network and Hyperledger Besu. The tokens follow established technical formats on each network. On Canton, they use the CIP-56 standard. On Besu, they use ERC-20, the same token format behind much of the Ethereum ecosystem. The setup supports 24/7 peer-to-peer tra...