The Depository Trust Company (DTC), DTCC’s securities depository, launched its Tokenization Service on Oct. 28, giving eligible institutions a way to move tokenized securities over weekends, DTCC said.
Twenty participants had signed access agreements at launch. Participation is voluntary and limited to eligible DTC Participants.
Transfers run continuously; conversions follow business-day hours
Already-tokenized securities can move 24/7 between DTC-registered wallets on the same blockchain. Conversion orders are available through the service’s interface and API from 2 a.m. to 6 p.m. Eastern time on business days, with a target completion within 15 minutes.
That means a firm relying on conversion for a weekend transfer would need to prepare its token inventory during a preceding business-day window. The launch scope registers select third-party wallets and includes transfer restrictions, so a weekend plan also depends on the receiving wallet being registered.
Thirty-four securities available at launch
DTCC’s live product page lists 34 securities available to tokenize at launch. Eligible classes cover select Russell 1000 equities, exchange-traded funds and US Treasuries.
The tokens represent entitlements to securities held at DTC and retain their underlying legal rights, economic interests and protections. DTC keeps the official books and records even when a token moves between registered wallets.
DTCC’s launch announcement identifies Canton Network and its private Besu network as the initial connections.
Collateral and cash need separate arrangements
A token reaching another wallet does not by itself establish that the recipient accepts it as collateral or that an associated cash payment has completed. Continuous transfer availability also does not establish continuous stock trading.
DTCC’s scope sheet places settlement and collateral enhancements, including on-chain netting and digital cash, on an indicative roadmap for 2027 and beyond. At launch, Treasury distributions and maturity payments go in fiat to participants’ traditional accounts.
With the service live, a weekend plan starts with eligible tokens in registered wallets, an accepting recipient and any necessary payment arrangements in place.
