According to DTCC’s documentation on its tokenization service, the initial offering includes 25 tokenizable securities, all underlying securities held in custody by DTC, with a total value of approximately $30 trillion. Each token maintains a 1:1 correspondence with its underlying security, uses the same CUSIP, and preserves identical rights and investor protections as book-entry securities, with official records still maintained by DTC. Peer-to-peer transfers are available 24/7 between registered DTC wallets, and tokens include compliance-based transfer restrictions.
Users can submit conversion orders via the UI and API between 2:00 AM and 6:00 PM Eastern Time on business days, with a target processing time of under 15 minutes. Interest payments and maturity settlements for U.S. Treasuries will occur on-chain, with funds paid in fiat currency to participants' traditional accounts.
The initial supported assets include Russell 1000 components (starting with select large-cap stocks), select ETFs, and U.S. Treasuries. The initial networks launching are Canton Network (CIP-56) and DTCC’s private Besu network (ERC-20); Stellar (SEP-41) and Circle’s Arc (ERC-20) are expected to be integrated by 2027.
The future roadmap includes expanding the range of tokenizable securities, adding control features such as single sign-on and maker-checker, enhancing corporate actions services for stocks and ETFs, integrating bookkeeping with on-chain stock records, and supporting on-chain netting, collateral, and digital
DTCC Launches Tokenization Service for 25 Securities with $30 Trillion in Underlying Assets
TechFlowShare
Summary
DTCC has announced a new tokenization service for real-world assets (RWA), covering 25 securities with $30 trillion in underlying assets. Tokens mirror the original assets on a 1:1 basis with CUSIPs and provide identical investor protections. DTC maintains the official ledger, enabling 24/7 peer-to-peer transfers between registered wallets. Conversions can be submitted between 2 AM and 6 PM ET, with processing completed in under 15 minutes. Dividends and maturities for U.S. Treasuries will be managed on-chain, with fiat payouts. The service includes the Russell 1000, ETFs, and U.S. Treasuries. Supported networks include Canton (CIP-56), Besu (ERC-20), and Stellar (SEP-41), with Stellar and Arc expected to be integrated by 2027. The service incorporates crypto compliance measures for token transfers.
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