๐ฆ Wall Streetโs โplumbingโ is moving onto the blockchain. DTCC, the central depository for U.S. securities, has published details of its tokenization service, announced for October 2026.
๐ The facts (DTCC document, reported on Oct. 17)
โข 25 securities tokenizable at launch: major Russell 1000 stocks, ETFs, and U.S. Treasury bills
โข ~30 trillion $ in assets eligible eventually (not tokenized from day one)
โข Networks at launch: Canton and Besu (DTCCโs private network). Stellar and Arc (Circle) planned for 2027
๐ง How it works
โข Each token is backed 1:1 by a real security held at DTC, with the same CUSIP code and the same rights
โข Transfers 24/7 between registered wallets, on the same blockchain
โข Conversion between a traditional security โ token: business days, 2 a.m.โ6 p.m. (New York time), with a target of 15 minutes
โข โCompliantโ tokens: transfers can be restricted, and tokens can be frozen and recovered
โ๏ธ The caveat
โข Not launched yet, with no specific date; everything depends on the SECโs no-action letter
โข Restricted to DTC participants (banks, brokers), not the general public
โข The official register remains with DTC: this is not open DeFi
๐ค Didier, a student in Kinshasa, sees ads for โApple shares as tokens.โ This service isnโt directly available to him. But he learns the right question to ask: who holds the real share behind the token, and what rights does it give me?
โ
A legitimate tokenized share = an identifiable real security + an accountable issuer.
Do you think 24/7 stock trading will reach us? ๐
Not financial advice. DYOR.
Sources: DTCC, TSN, The Crypto Times.
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