NOW LIVE
The DTCC Tokenization Service is live. Blockdaemon is an ecosystem collaborator.
The DTCC Tokenization Service is live.
On 15 July 2026, DTCC completed its first production-based tokenization transaction test (July Event), converting assets held at The Depository Trust Company (DTC) into tokens used in live trades.
More than 30 organisations participated in the initiative, demonstrating use cases including collateral pledging, securities lending, token transfers and delivery-versus-payment settlement.
Blockdaemon provided wallet infrastructure for several of these use cases, building on more than 12 months of direct collaboration with DTCC and Digital Asset Holdings (DAH) to implement a compliant and scalable token standard. That work extended from end-to-end testing and infrastructure preparation through the July Event and subsequent launch of the DTCC Tokenization Service (DTS) on October 28, 2026.
A DTC Participant connecting to DTS must complete DTC's onboarding and legal documentation, register wallets with DTC on each supported blockchain network it selects (currently Canton Network and DTCC's private Besu network) and complete required integration testing, using either a self-custodied wallet or a third-party wallet provider.
The underlying network had to protect privacy, so DTS needed an extended token standard that could meet compliance requirements at scale. Blockdaemon provided full wallet support for this standard. That included creating transactions, enforcing policies and tracing activity back to DTC, which operates DTS. Preparation included end-to-end testing, secure key setup, participant identity setup and transaction policy configuration.
Blockdaemon provided wallet and node infrastructure to some DTC Participants connecting to DTS, supporting secure transaction processing and coordinating across the tokenization service, network infrastructure and those institutions' systems.
Institutional tokenization requires infrastructure capable of meeting demanding security and operational requirements.
Blockdaemon's wallet infrastructure uses threshold cryptography and policy-based approvals to give DTC Participants control over transaction authorisation. These capabilities support the governance requirements of regulated financial institutions.
Blockdaemon worked with DTCC and DAH to test and prepare this infrastructure ahead of the July Event.
One of the key considerations was ensuring that transaction approval processes could operate securely across multiple organisations and systems. The infrastructure needed to support clearly defined responsibilities, reliable transaction execution and the controls required by each DTC Participant.
Blockdaemon also developed a Tokenization Starter Kit to help institutions establish the infrastructure required to participate in DTS.
The kit is designed to simplify the configuration of blockchain identities, wallet connectivity and transaction controls. As the service expands, repeatable onboarding processes should help institutions connect more efficiently.
By providing a repeatable approach, the Starter Kit can reduce the implementation work required for participating institutions. This allows technical teams to concentrate on integrating tokenization workflows with their existing systems and operational processes.
The July Event and subsequent launch of the DTS on October 28 provided valuable experience in deploying blockchain infrastructure within established financial markets.
The work highlights the importance of secure transaction governance, interoperability and close coordination between market infrastructure providers and participating institutions.
Successful institutional tokenization depends on establishing clear responsibilities, consistent security controls and repeatable implementation processes. These considerations will become increasingly important as more institutions and networks participate in production tokenization services.
Read the other blogs in our DTCC series:
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