From Frank La Salla, President & Chief Executive Officer, DTCC:

I am writing to share an important update regarding DTCC’s digital assets strategy and to outline how we will engage with you in the coming weeks as we prepare for the next phase of this work.

Following regulatory authorization this past December to offer an innovative service to tokenize real world, DTC custodied assets, we have launched a new business line, DTCC Digital Assets Solutions. This step reflects growing client interest in tokenization and builds upon the outstanding work of DTCC Digital Assets (formerly Securrency, acquired in 2023), which remains at the forefront of developing digital financial market infrastructure. Together, the two businesses will partner to strengthen DTCC’s leadership role as a trusted bridge between traditional market infrastructure and emerging digital asset ecosystems.

• DTCC Digital Asset Solutions will sit within Clearing & Securities Services, which includes our three clearing agency subsidiaries and is led by Brian Steele, and specifically under our Equities portfolio, led by Val Wotton. It will be responsible for developing and driving DTCC’s strategy to tokenize DTC custodied assets. In doing so, it will create a wide range of innovative solutions that are connected to existing DTCC assets and services. To ensure maximum impact, the business will leverage technology created by DTCC Digital Assets to deliver offerings that are integrated with DTCC’s existing infrastructure and risk framework. Tom Sullivan, who has more than 20 years of experience in securities and banking with a focus on operations and innovation, will lead DTCC Digital Asset Solutions.

• DTCC Digital Assets, under the leadership of Nadine Chakar, will continue its pioneering work with digital technologies and co-creating technology-driven platforms with the industry, building upon its successful work developing solutions like DTCC ComposerX, DTCC LaunchPad and Collateral AppChain in a Web3 digital ecosystem. DTCC Digital Assets will also continue to focus on developing and enhancing its ComposerX platform in support of the industry, which will enable clients to leverage the same infrastructure used by DTCC.

As always, DTCC will apply the same high standards of risk management, resilience, security and trust that clients expect from our traditional securities services.

Establishment of the Digital Assets Solutions Advisory Council

To support the development of DTCC Digital Asset Solutions offerings and ensure close alignment with industry needs, we are establishing the Digital Assets Solutions Advisory Council, which will launch in Q2 2026. The Council will primarily be comprised of senior business leaders from client firms and will be focused on business level requirements, product prioritization and client readiness related specifically to DTCC Digital Assets Solutions offerings and DTC digital initiatives, including our new tokenization service.

In the interim, the current Early User Working Group, which was formed late last year to focus on certain use cases, will continue to operate but will be folded under the new Digital Assets Solutions Advisory Council ahead of its first meeting at the end of April. We will be reaching out to participating firms shortly with more details.

The mandate of the already-established Digital Assets Advisory Council, which is aligned to DTCC Digital Assets, will continue to focus broadly on digital asset infrastructure, innovation and curating a Web3 ecosystem, and championing interoperability, partnerships and standards across the industry. The two councils will collaborate closely to ensure strategic alignment.

As tokenization continues to gain prominence, DTCC remains committed to partnering closely with our clients to lead the digital evolution of the global financial system and creating the digital platform of the future. We appreciate your continued engagement and look forward to working together as we advance this important work.

Please reach out to your Client Lead or appropriate DTCC contact if you have any questions.

Sincerely,

Frank La Salla
President & Chief Executive Officer, DTCC

Source: DTCC