DTCC launches tokenization service covering approximately $30 trillion in eligible securities

Wall Street's back-office giant now lets banks like J.P. Morgan and Citi create blockchain twins of select stocks, ETFs and Treasuries The plumbing of American finance just got a blockchain extension. On October 28, 2026, the Depository Trust & Clearing Corporation (DTCC) launched its Tokenization Service. Eligible institutions can now create 1:1 blockchain-based “digital twins” of select traditional securities. The eligible pool is worth approximately $30 trillion. If that number sounds big, it is. It is also only a slice of what DTCC’s subsidiary, the Depository Trust Company (DTC), holds. DTC has over $114 trillion in total assets under custody, so the tokenized door is open, but only partway. What DTCC actually launched Think of it as a mirror, not a replacement. The original security stays parked at DTC. A token on a blockchain reflects it exactly, one for one. The service starts small on instrument count, covering between 25 to 34 liquid instruments. The menu includes selected Russell 1000 equities, major ETFs and US Treasuries. Each token is 1:1 backed by securities custodied at DTC. The tokens also keep their existing CUSIP identifiers, the nine-character codes that wor...