DTCC to begin tokenized asset rollout in U.S. markets ahead of October launch

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DTCC tokenized asset rollout

Highlights

DTCC will start limited tokenized real-world asset trades in July 2026, expanding to a broader rollout in October following SEC No-Action Letter approval.
DTCC's three-year authorization allows tokenization of eligible assets such as Russell 1000 securities, major U.S. equity index ETFs, and U.S. Treasury bills, bonds, and notes on pre-approved blockchains.
Over 50 firms, including BlackRock, Circle, Morgan Stanley, Nasdaq, Payward, and Robinhood Markets, will participate in DTCC's Industry Working Group, reflecting broad industry support for tokenization.

July rollout plan and regulatory approval

As reported by DTCC, the market infrastructure provider says it will facilitate initial, limited production trades of real-world assets in July 2026 before a broader launch in October. The group, which plays a central role in custody and settlement across U.S. markets, is developing the service while collecting feedback from firms including BlackRock and Circle.

The Securities and Exchange Commission cleared the new offering late last year through a No-Action Letter. That allows DTC to offer participants the ability to tokenize certain highly liquid assets on pre-approved blockchains during a three-year authorization period.

Eligible assets include securities tied to the Russell 1000, ETFs tracking major U.S. equity indexes, and U.S. Treasury bills, bonds and notes. DTCC President and CEO Frank La Salla says the company sees tokenization as a way to connect traditional finance and decentralized finance while improving liquidity, transparency and efficiency.

Industry participation and market implications

Interest in tokenization is rising as financial firms examine how to bring conventional assets on-chain, with potential benefits including round-the-clock trading and faster settlement. At the same time, some industry participants continue to call for stronger regulatory safeguards as the market develops.

More than 50 firms are set to join the DTCC Industry Working Group, spanning asset managers, brokers and trading venues. Participants include Morgan Stanley, Nasdaq, Payward, the parent company of Kraken, and Robinhood Markets, showing broad engagement from established financial and digital asset players.

In our earlier article on DTCC’s DTC tokenization service rollout, we detailed plans for limited production trades in July 2026 ahead of a broader October 2026 launch, backed by input from more than 50 participating firms across traditional finance and digital assets. We also noted that the offering is enabled by a three-year SEC No-Action Letter and initially focuses on highly liquid, DTC-custodied assets such as Russell 1000-linked securities, major index ETFs, and U.S. Treasuries.

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