Plans by the Depository Trust & Clearing Corporation’s (DTCC) to convey tokenized securities to Solana may entice extra conventional monetary establishments to the blockchain, however regulatory restrictions could restrict the affect on the community, based on analysts.
DTCC introduced Thursday that it plans to attach its tokenization service to Solana within the second half of 2027. The transfer would enable sure securities held by its Depository Trust Company (DTC) subsidiary to be became digital tokens on the community.
Solana is a blockchain recognized for its quick transactions and low charges, making it standard for crypto buying and selling, particularly memecoins. The community had about $4.94 billion in whole worth locked (TVL) as of Nov. 12, based on DefiLlama.
Experts say the transfer may assist Solana entice extra exercise past simply memecoins, nevertheless it’s not clear how a lot new capital and transaction quantity it may convey to the community. What’s extra, present US regulatory guidelines nonetheless restrict who can maintain and switch the tokenized belongings.
Memes paved the way in which
Alex Lin, founding accomplice at enterprise capital agency Reforge, mentioned Solana’s historical past of dealing with giant quantities of memecoin buying and selling could have helped present that the community can assist conventional monetary exercise.
“Memes were a public stress test that gave Solana credibility that it can handle retail-scale volume cheaply and reliably,” Lin informed Cointelegraph. “The casino paved the way for more institutional plumbing.”
However, beneath a December 2025 SEC no-action letter, DTC individuals should register wallets to carry tokenized securities. The tokens can solely be transferred between registered wallets, doubtlessly limiting utilization.
“It’s overstated in the near term because the SEC relief from Dec 2025 keeps these tokens in a walled garden of registered DTC participants, so permissionless retail and DeFi liquidity can’t touch these tokens directly yet,” Lin mentioned. “Regulators need to let these assets work as true onchain collateral and that’s more policy than tech.”
DTCC launched its tokenization service on the Canton Network and its non-public Besu community on Oct. 28, permitting sure securities to be became digital tokens whereas retaining the identical investor protections. At launch, DTCC mentioned 20 DTC individuals had signed agreements to entry the service, nevertheless it has not mentioned whether or not any plan to make use of Solana.
Cointelegraph contacted DTCC and the Solana Foundation for extra feedback however has not but heard again.
Related: Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’
Solana buying and selling slows, however tokenized belongings develop
Kha Nguyen, CEO and co-founder of blockchain analytics platform Birdeye, which tracks buying and selling exercise on Solana, mentioned the blockchain has already seen rising demand for tokenized shares with out DTCC’s involvement.
According to Birdeye’s H1 2026 report, tokenized-stock buying and selling quantity on Solana reached round $4.9 billion within the first half of the 12 months, greater than six occasions the quantity recorded within the earlier six months.
Birdeye’s third-quarter report additionally discovered that greater than 1 million accounts held tokenized shares on Solana by late September.
Still, broader buying and selling exercise on Solana has slowed with the community recording about 6.9 billion transactions within the 30 days ending Nov. 11, down virtually 40% from the earlier 30-day interval, based on Token Terminal information. Meanwhile, buying and selling quantity on decentralized exchanges (DEXs) fell 34.4% to $39.1 billion, whereas month-to-month energetic addresses dropped practically 13% to 45.8 million.
Network charges additionally fell 39% to about $17 million over the identical interval. However, the worth of tokenized real-world belongings (RWAs) on Solana rose virtually 7% to $4.76 billion as of Nov. 11 – up from $4.46 billion on Oct. 12.
“By late September more than a million wallets had held a tokenized stock, and real-world assets on Solana had grown five times in a year,” Nguyen informed Cointelegraph.
Nguyen mentioned bringing extra tokenized securities onto the community doesn’t robotically imply extra transactions or better demand for Solana’s native cryptocurrency, SOL. “A trade is one transaction whether it moves $100 or $100 million,” Nguyen mentioned. “What matters is turnover, not value parked on-chain.”
What may occur subsequent?
Nguyen mentioned DTCC’s integration would want assist from banks and different monetary corporations to have an actual affect on Solana. Institutions would additionally want sufficient liquidity to assist giant trades.
“Banks, brokers and issuers need to say they will issue, trade and settle there, and then do it,” Nguyen mentioned. He added that establishments would want to actively use the tokenized securities somewhat than merely maintain them.
“The assets must be active, not idle: traded around the clock, used as collateral to borrow against, and earning yield,” Nguyen mentioned.
Lin agreed that the longer-term affect would rely upon how the belongings are used, somewhat than which blockchain they’re issued on.
“No one cares where the assets are issued, but more so where they’re used,” Lin mentioned. “It’s all about where secondary trading and collateral activity will happen and ultimately settle.”
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Content Source: cointelegraph.com
