DTCC launches tokenization service with 20 major firms

The Depository Trust & Clearing Corporation (DTCC) has launched its tokenization service for securities held in custody, with plans to bring the service to Stellar as its first public blockchain integration in the next phase of its rollout. Summary DTCC has launched its tokenization service, allowing eligible financial institutions to create blockchain representations of securities held in DTC custody while retaining their existing ownership rights and investor protections. Stellar Development Foundation said DTCC plans to launch on its network first, following discussions between DTCC Digital Assets head Nadine Chakar and Stellar CEO Denelle Dixon at Meridian 2026. The service is currently integrated with Canton Network and DTCC’s private Besu network, while the previously announced Stellar integration is expected to bring tokenized securities to the blockchain in the first half of 2027. Twenty financial institutions have signed agreements to access the service, including JPMorgan, Bank of America, Barclays, Citi, Fidelity Investments, Morgan Stanley, State Street and UBS. DTCC developed the service with input from more than 150 financial firms after receiving SEC no action re...