- DTCC said DTC-held assets were converted into tokens and used in live production trades on July 15.
- More than 30 firms participated, according to DTCC, before the service’s expected October 2026 launch.
- SEC staff no-action language applied to DTC under stated conditions, not to a broad DTCC market launch.
July 15 (Crypto-News.Net) – The Depository Trust & Clearing Corporation said assets held at The Depository Trust Company were converted into tokens and used in live production trades on July 15. The event came ahead of the DTCC Tokenization Service’s expected October 2026 launch.
More than 30 firms participated, according to DTCC’s July 15 release. The event covered collateral pledge, securities lending, Treasury and repo delivery-versus-payment activity, DTCC said. It also covered equity settlement workflows, equity token transfers and central counterparty margin workflows.
DTCC said digital conversions occurred on Hyperledger Besu, which it described as its private network. They also occurred on Canton, which DTCC described as a public network. Readers following the network detail can use Crypto-News.Net’s blockchain consensus mechanism explainer. It gives background on how blockchain networks keep shared records.
The July 15 event was not the broad launch of the tokenization service. DTCC’s live-production page said the event came before the expected October 2026 launch. It also listed examples from the day.
Those examples included J.P. Morgan converting Invesco QQQ Trust into a tokenized real-world asset. The page said J.P. Morgan later posted tokenized assets to meet central counterparty margin requirements with CME Group. It also said Marex showcased collateral, repo and equity transactions using tokenized U.S. Treasuries, equities and ETFs exchanged for digital cash.
The live page separately described U.S. Treasury repo activity and U.S. Treasury buy and sell transactions. It also described equity buy and sell transactions using DTC-custodied tokenized assets. Those items were listed as examples from the production day, not as a participant-by-participant map. DTCC did not publish an aggregate transaction value for the event.
The securities were held at DTC, DTCC’s depository subsidiary. In December 2025, SEC staff issued a no-action letter to DTC. The letter said staff would not recommend enforcement action under specified Exchange Act provisions for operation of a preliminary base version of DTCC Tokenization Services, based on the facts and circumstances in the request.
The SEC letter said eligible securities for the preliminary base version were limited to Russell 1000 securities. It also listed U.S. Treasury bills, bonds and notes, and ETFs tracking major indices such as the S&P 500 and Nasdaq-100. Only DTC Participants could register wallets. Tokenized entitlements could transfer only to registered wallets, according to the letter.
SEC Commissioner Hester Peirce’s statement described the DTC program as a pilot subject to operational limitations. The staff position withdraws without further action three years from the date DTC launches the preliminary base version, according to the letter.
The DTCC event came during a July 15 cycle that also included Crypto-News.Net coverage of the Securitize-Cantor onchain IPO pathway. That story concerned primary-market offering infrastructure rather than DTC-held securities trades.
Reporting by Zoran Spirkovski; Editing by Zoran Spirkovski.
