The Depository Trust & Clearing Corporation is preparing a blockchain-based tokenization service aimed at the $114 trillion in assets its infrastructure touches, CEO Frank La Salla confirmed in reporting first surfaced by Coin Bureau on September 25, 2026. The figure represents the potential asset base rather than securities that will move on-chain at launch. DTCC’s initiative builds on its Digital Launchpad sandbox and related pilots, including a July 15 live test in which Citadel Securities used Fireblocks infrastructure to convert U.S. Treasuries into tokens on the Canton Network, transfer them to BNP Paribas and Société Générale, and pledge them as CME collateral. DTCC plans to offer the service voluntarily in October 2026, initially covering U.S. Treasuries, Russell 1000 securities and major market ETFs. The SEC issued DTC a three-year No-Action Letter in December 2025, while more than 50 firms have contributed to the initiative and more than 30 participated in earlier testing across Canton and Hyperledger Besu. The service is designed to preserve DTC custody, legal entitlements and investor protections while using distributed ledgers as transfer rails. Further details, including supported chains, asset-class sequencing, go-live dates and regulatory treatment, remain to be established. Bitcoin traded near $84,658 on September 25, up 0.5% over 24 hours and 10.7% over the week, while Ether was around $2,694 and XRP around $1.55; the Crypto Fear & Greed Index stood at 73, or Greed.