The Depository Trust Company, DTCC’s securities depository, launched its Tokenization Service on Oct. 28, giving eligible institutions a way to move tokenized securities over weekends.
DTCC said 20 Participants had signed access agreements at launch, and the service’s launch scope allows conversion orders through its interface and API from 2 a.m. to 6 p.m. Eastern time on business days, targeting completion within 15 minutes.
Already-tokenized securities can move 24/7 between DTC-registered wallets on the same blockchain.
The practical inference is that a firm relying on conversion for a weekend transfer needs to prepare its token inventory during a preceding business-day window.
Participation is voluntary and limited to eligible DTC Participants. The launch scope registers select third-party wallets and includes transfer restrictions, so a weekend plan also depends on the receiving wallet being registered.
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.
Cash and collateral 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, nor does continuous transfer availability establish continuous stock trading.
DTCC’s scope sheet puts 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 now live, a weekend plan starts with eligible tokens in registered wallets, an accepting recipient, and any necessary payment arrangements in place.
