DTCC has set a production timetable for DTC’s tokenization service.
The Depository Trust & Clearing Corporation said DTC plans to facilitate initial, limited production trades of securities tokenized through the service in July 2026, with a broader launch planned for October 2026. The service is being developed with feedback from more than 50 financial industry firms through the DTCC Industry Working Group.
DTC, DTCC’s depository subsidiary, is building the service for real-world assets already held in DTC custody. DTCC said tokenized assets issued through the service would carry the same entitlements, investor protections and ownership rights as assets held in traditional form. DTC currently custodies assets valued at more than $114 trillion.
The working group includes custodians, asset managers, brokers, trading venues, application providers, back-office firms and digital asset companies. Digital Asset, which DTCC identifies as creator of Canton Network, is among the named participants. The list also includes BlackRock, Bank of America, Citi, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nasdaq, NYSE Group, State Street, UBS and Wells Fargo.
DTCC did not say the broader DTC tokenization service will run on Canton. The Canton relevance is narrower and better documented: Digital Asset is part of the working group, and DTCC already has a separate Canton-based Treasury tokenization effort on record.
In December, DTCC announced a partnership with Digital Asset and Canton Network to enable the tokenization of DTC-custodied assets on Canton. Under that partnership, DTCC said it planned to enable a subset of U.S. Treasury securities custodied at DTC to be minted on Canton Network, with the organizations working toward an MVP in a controlled production environment during the first half of 2026.
That earlier announcement gives the new timetable its Canton context. DTCC is not only discussing tokenization with a broad industry group. It has also identified Canton as the network for a separate DTC-custodied Treasury tokenization initiative.
The July and October dates give DTC’s tokenization plans a clearer production schedule. DTCC said it will continue working with the industry group to test operational and technical workflows, including the use of DTC tokenized assets in a production environment and their ability to interoperate across many chains.
DTCC also said DTC received a No-Action Letter from the U.S. Securities and Exchange Commission in December 2025 covering a defined tokenization service for DTC participants and their clients for three years. DTCC said the authorization applies to a defined set of highly liquid assets, including Russell 1000 constituents, ETFs tracking major indices, and U.S. Treasury bills, bonds and notes.
The significance for Canton is specific. DTCC has not named Canton as the execution venue for the broader DTC tokenization service. But DTCC is moving DTC tokenization toward dated production activity, Digital Asset is among the working group participants, and a separate Canton-based Treasury tokenization partnership is already on record.
