DTCC plans to make all 1.4 million securities in its custody digitally eligible, allowing rapid conversion between traditional and tokenised forms.
The initiative follows DTCC’s acquisition of Securrency and reflects a broader push to expand tokenisation across US capital markets.
“Our goal is to eventually enable investors to access the entirety of the market of DTC-eligible securities,”
Brian Steele said.
Steele said the platform is designed to onboard roughly 1.4 million CUSIPs through direct registration without forcing asset migration.
The system would allow assets to be tokenised or converted back within as little as 15 minutes on an opt-in basis.
Tokenised securities will retain existing ownership rights, legal protections and bankruptcy treatment.
“We are not dictating which wallet or blockchain clients should use,”
Nadine Chakar said.
DTCC said its first use case will focus on collateral optimisation to enable atomic settlement and 24/7 liquidity.
“Collateral is the first port of call, it’s where we see real, measurable impact today,”
Steele said.
DTCC said it will avoid blockchain bridges in favour of a burn-and-mint model and pursue interoperability through shared standards.