DTCC launches tokenization service with input from 150 firms

The Depository Trust Company's new service lets participants turn select custodied securities into blockchain-based digital twins The Depository Trust Company (DTC) launched the DTCC Tokenization Service (DTS) on October 28, 2026. Eligible participants can now convert select securities held in custody into tokenized digital versions. This did not come from a garage startup. More than 150 firms helped shape the service, and 20 DTC participants signed on at launch, including J.P. Morgan, Citi, and Bank of America . Think of the tokens as a mirror image of the original security, not a cousin or a knockoff. DTC calls them “digital twins.” Each token matches its underlying security on the CUSIP identifier, the standard code that tags a specific security. It also carries the same ownership rights and economic entitlements.

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