The “master custodian” for U.S. stocks is coming to Solana
DTCC announced today that its tokenization service, DTS, will connect to Solana. Eligible DTC-custodied securities will be able to be converted directly into tokens on Solana, with the entire process afterward also taking place on-chain. The launch is planned for the second half of 2027.
What is DTCC? It handles most of the back-end clearing and custody for U.S. securities, with over $114 trillion in assets under custody. DTS only launched on October 28 and is currently connected to Canton and its own private chain, Besu. The first signatories include JPMorgan Chase, Bank of America, Citi, Morgan Stanley, and Fidelity.
Put simply, a door to TradFi has cracked open, and SOL has secured a ticket to get in.
But it won’t go live until the second half of 2027, and regulatory cooperation is still needed. Don’t expect it to send the price soaring anytime soon 🤣
$SOL
DTCC announced today that its tokenization service, DTS, will connect to Solana. Eligible DTC-custodied securities will be able to be converted directly into tokens on Solana, with the entire process afterward also taking place on-chain. The launch is planned for the second half of 2027.
What is DTCC? It handles most of the back-end clearing and custody for U.S. securities, with over $114 trillion in assets under custody. DTS only launched on October 28 and is currently connected to Canton and its own private chain, Besu. The first signatories include JPMorgan Chase, Bank of America, Citi, Morgan Stanley, and Fidelity.
Put simply, a door to TradFi has cracked open, and SOL has secured a ticket to get in.
But it won’t go live until the second half of 2027, and regulatory cooperation is still needed. Don’t expect it to send the price soaring anytime soon 🤣
$SOL