The Depository Trust & Clearing Corporation (DTCC) has announced plans to connect its tokenization service to Solana in the second half of 2027, according to Cointelegraph, which cites the announcement made on Thursday, Nov. 12, 2026. The connection would allow certain securities held by its Depository Trust Company (DTC) subsidiary to be turned into tokens on the network.
The news has not been independently confirmed beyond that report. According to Cointelegraph, DTCC and the Solana Foundation had not yet responded to requests for comment at the time of writing.
Regulatory limits on who can hold the tokens
Analysts quoted by Cointelegraph point to a December 2025 no-action letter from the US Securities and Exchange Commission. Under it, DTC participants must register wallets to hold tokenized securities, and the tokens can only be transferred between registered wallets.
Alex Lin, founding partner at Reforge, said the near-term impact is overstated. In his view, the SEC relief keeps the tokens in a walled garden of registered DTC participants, so permissionless retail and DeFi liquidity cannot access them directly.
What DTCC has already launched
According to Cointelegraph, citing DTCC, the company launched its tokenization service on Oct. 28 on the Canton Network and on its private Besu network. At launch, 20 DTC participants had signed agreements to access the service. DTCC has not said whether any of them plan to use Solana.
Solana activity: slower trading, growing tokenized assets
Token Terminal data cited by Cointelegraph shows Solana recorded about 6.9 billion transactions in the 30 days to Nov. 11, down almost 40%. DEX volume fell 34.4% to $39.1 billion, monthly active addresses dropped nearly 13% to 45.8 million, and fees fell 39% to about $17 million.
Tokenized assets moved in the other direction. The value of tokenized real-world assets on Solana rose almost 7% to $4.76 billion as of Nov. 11, from $4.46 billion on Oct. 12, according to Cointelegraph, citing Token Terminal and DefiLlama. The same report puts Solana’s total value locked at about $4.94 billion on Nov. 12, per DefiLlama.
Birdeye reports, relayed by its CEO Kha Nguyen, put tokenized-stock trading volume on Solana at about $4.9 billion in the first half of 2026, more than six times the previous six months. Its Q3 report found over 1 million accounts held tokenized stocks by late September.
Nguyen cautioned that more tokenized securities do not automatically mean more transactions or more demand for SOL. He said the DTCC integration needs support from banks and other firms, as well as active use of the assets.
What remains unknown
Several points are still open: which securities would be tokenized on Solana, whether any DTC participants intend to use the network, and whether the regulatory restrictions will change before 2027. DTCC and the Solana Foundation have yet to comment.
Sources
- cointelegraph.com Cointelegraph — DTCC Plans Solana Expansion as Wallet Rules Limit Access Accessed
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