DTCC Processes Real-World Trades Using Tokenised Assets | LeapRate
The Depository Trust & Clearing Corporation (DTCC) said Wednesday that it has successfully converted assets held at The Depository Trust Company (DTC) into tokens used in real production trades, marking what it called the largest tokenisation production initiative in breadth of use cases, asset classes and number of participants.
The tokenised trades were processed on 15 July and set the stage for the DTCC Tokenization Service to launch in October 2026.
More than 30 firms spanning traditional financial institutions and digital market participants took part, with digital conversions occurring on Hyperledger Besu, DTCC’s private network, and Canton, a public network, as part of the firm’s multi-chain strategy.
Frank La Salla, President and CEO of DTCC, stated that the firm “demonstrated that we can apply the same institutional rigor to tokenization as we do for traditional assets while continuing to safeguard the integrity and resiliency of the global financial markets.”
The event featured transactions across asset classes, including collateral pledges, security lending, U.S. Treasury and repo delivery-versus-payment trades, equity DVP and DVD trades, equity token transfers, and central counterparty margin workflows.
Brian Steele, President of Clearing & Securities Services at DTCC, said the initiative showcased how tokenisation “can enable real-time collateral mobility, enhance liquidity and capital efficiency, reduce counterparty risk and support interoperability.”
Participants included BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, the New York Stock Exchange, State Street Investment Management and Vanguard, among others.
