The Depository Trust & Clearing Corporation plans to integrate its tokenization service with the Solana blockchain by the second half of 2027. Despite the institutional expansion, analysts warn that a December 2025 SEC no-action letter restricts tokenized securities to registered wallets, potentially limiting the immediate impact on network activity and SOL demand.
Neutral
🤖 55%
DTCC plans to connect its tokenization service to Solana only in the second half of 2027, far beyond the coming weeks. Analysts note the December 2025 SEC no-action letter keeps tokens in a walled garden of registered wallets, limiting adoption, while Solana activity is falling: transactions down almost 40% in the 30 days to Nov. 11 and fees down 39%. The long-term institutional prospect argues for upside, but no near-term demand for SOL is expected.
Catalysts
- • DTCC announced on Thursday it will connect its tokenization service to Solana in H2 2027
- • Tokenized-stock trading volume on Solana reached about $4.9 billion in H1 2026, over six times the prior six months
Risk Factors
- • December 2025 SEC no-action letter restricts tokenized securities to registered wallets only
- • Solana transactions fell almost 40% to about 6.9 billion in the 30 days ending Nov. 11, and network fees dropped 39% to about $17 million