Sushant Kumar Asks Who Can Use DTC’s Tokenized Securities on Solana
DTCC plans to connect Solana in the second half of 2027. A market maker’s question about DeFi access turns on the service’s registered-wallet rules.
Sushant Kumar, co-founder of market maker Vandergrid, asked whether the Depository Trust & Clearing Corporation’s planned Solana integration will let tokenized securities reach decentralized finance venues. He raised the question in a reply to Solana Foundation institutional lead Nick Ducoff, pointing to a rule on the networks already connected to the service. Transfers run between wallets registered with the Depository Trust Company (DTC).
big one. on the chains live today, DTS transfers only work between DTC-registered wallets. is solana getting the same setup, or is there a path to defi venues?
— Sush K (@sdotsome) November 12, 2026
DTCC said on Nov. 12 that it expects DTC-tokenized assets to be available on Solana in the second half of 2027. The integration would let eligible assets already held at DTC convert to tokenized form and support their subsequent management. The service launched Oct. 28 on Canton and DTCC’s private Besu network. DTCC says the Solana version will preserve the investor protections and ownership rights that apply to traditionally held securities.
What the wallet rule means for DeFi
DTCC’s service overview describes peer-to-peer transfers between DTC-registered wallets on the same chain at any hour. In the materials accompanying the SEC staff’s December 2025 no-action letter, DTC says only its participants can register wallets. Participants can register wallets for customers and decide how those customers access them. DTC deals directly with the participant.
That distinction matters for a Solana lending venue that wants to accept a tokenized security as collateral. If the lending arrangement requires moving the token into a vault, the vault’s address would need to be eligible to receive it under the service’s existing transfer rules. A separate question is whether the venue or a DTC participant could provide that access.
DTCC’s Solana announcement gives a target date and describes the rights attached to the assets. It leaves the wallet rules for Solana venues open. The detail to watch is whether DTC explains how a participant could register a venue’s address and what transfers that address would be allowed to make.
