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Deployments · DTCC ComposerX · platform by DTCC

DTCC Tokenization ServiceUpdated 7 Nov 2026

Lets DTC participants convert eligible DTC-held securities into tokenised digital twins delivered to registered wallets, and back again. The assets keep the same entitlements and stay on DTC's official books. Limited production trades ran in July 2026 with 38 named firms; the service went into full production on 28 October 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 28 Oct 2026[7] — Full production launch, covering Russell 1000 constituents, US Treasury bills/bonds/notes and major index ETFs, live on Besu and Canton. · Reviewed 1d ago

Assets
Networks
DTCC private network (Besu) Private, permissioned[2]
Canton Network Public, permissioned[2]
Use cases
Collateral mobility[2]Securities lending[2]Repo[2]Delivery versus payment (DvP)[2]Delivery versus delivery (DvD)[2]CCP margin[2]
Jurisdictions
United States

Participants

Operates under

Likely relevant regulation

Metrics

  • 38 firmsFirms named in production trades · as of 15 Jul 2026[6]
  • over 30 firmsFirms in production trades · as of Jul 2026[2]

Timeline

  1. Expected H1 2027 (month only) · Scope expansion · recorded 17 Oct 2026
    DTC-tokenised assets expected to become available on the Stellar network.[5]
  2. Happened 28 Oct 2026 · Launch · recorded 7 Nov 2026
    Full production launch. Eligible securities at launch are Russell 1000 constituents, US Treasury bills/bonds/notes, and ETFs tracking the S&P 500 and Nasdaq-100; live on DTCC's Besu network and Canton, with 20 DTC participants signed up and more blockchain networks planned for 2027.[7]
  3. Expected Oct 2026 (month only) · Launch · recorded 11 Oct 2026
    Scheduled full launch of the service.[1]
  4. Happened 15 Jul 2026 · Production milestone · recorded 11 Oct 2026
    DTC-held assets are tokenised and used in live production trades by 38 named firms on Besu and Canton, covering collateral, lending, Treasury repo, equity settlement, token transfer and CCP margin.[6]
  5. Happened 27 May 2026 · Announcement · recorded 17 Oct 2026
    DTCC and the Stellar Development Foundation announce plans to make DTC-tokenised assets available on the public Stellar network, part of DTC's multi-chain strategy; in the meantime they will assess candidate assets such as Russell 1000 stocks, index ETFs and US Treasuries.[5]
  6. Happened 4 May 2026 · Announcement · recorded 11 Oct 2026
    DTCC sets the timeline of limited production trades in July 2026 and full launch in October 2026, designed with input from 50+ firms.[1]
  7. Happened Dec 2025 (month only) · Regulatory approval · recorded 11 Oct 2026
    SEC staff grant no-action relief for the service, initially in a controlled production environment.[4]

Sources

  1. [1]DTCC Advances Development of New Tokenization Service, Convenes 50+ Firms — DTCC (press release, reproduced by Tradeweb), 4 May 2026. Accessed 11 Oct 2026.B
  2. [2]DTCC processes US trades using DTC tokenized assets — PostTrade 360, Jul 2026. Accessed 11 Oct 2026.C
  3. [3]DTCC Tokenization Service: Welcome — DTCC Learning Center. Accessed 11 Oct 2026.B
  4. [4]DTCC receives SEC no-action relief to launch tokenisation service — The Trade, Dec 2025. Accessed 11 Oct 2026.C
  5. [5]DTC's Tokenization Service to Connect with Stellar Public Blockchain as DTC Advances its Multi-Chain Strategy — DTCC, 27 May 2026. Accessed 17 Oct 2026.B
  6. [6]DTCC Turns Tokenization Into Reality — DTCC, 15 Jul 2026. Accessed 11 Oct 2026.B
  7. [7]DTCC Tokenization Service Goes Live — DTCC, 28 Oct 2026. Accessed 6 Nov 2026.B

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