DTCC, the market utility that sits behind custody and post-trade processing for much of the U.S. securities market, is moving closer to a live tokenization rollout.

According to CoinDesk, the company plans to begin limited production trades of tokenized securities in July, with a broader launch of the service targeted for October. DTCC's own FAQ is less specific on the calendar, but it says the offering is expected in the second half of 2026.

The service is being built inside The Depository Trust Company rather than as a separate venue. DTCC says tokenized positions will represent DTC-custodied assets while preserving the same ownership rights and protections tied to the underlying securities.

The SEC laid the groundwork in December through a no-action letter covering a preliminary version of the service. That relief applies to selected highly liquid assets, including Russell 1000 stocks, major index ETFs, and U.S. Treasury bills, notes, and bonds. Participation is limited to DTC participants and their clients.

The distinction matters because DTCC is core market plumbing, not a startup pilot on the edge of finance. If the company meets the reported July and October milestones, the launch would become one of the clearest examples yet of blockchain-based securities infrastructure moving from controlled tests toward production use in traditional markets.