BitGo Provides Tokenization Custody Infrastructure for DTCC
DTCC has tokenized DTC custody securities for actual trading, with BitGo providing the regulatory custody infrastructure. The official service launch for this transaction, which involved over 30 institutions, is scheduled for October 2026. In a statement on July 15, DTCC announced that it had converted assets into token form for actual trading. The applications include collateral provision, securities lending, and DVP settlement. The blockchain network utilized was based on the Linux Foundation's Besu and Canton, operating the same tokenization structure across different networks. BitGo stated in a public post on July 22 that BitGo Bank & Trust is the OCC-regulated qualified custodian integrated into the DTCC tokenization service. Mike Belshe, CEO of BitGo, mentioned that the regulatory custody infrastructure supported DTCC's tokenized securities demonstration. DTC serves as a core infrastructure responsible for custody and book-entry transfers in the U.S. securities market, and tokenization represents an attempt to transfer the rights structure of existing securities into digital representations. DTCC indicated that DTC tokenized assets could be utilized on the Stellar network in the first half of 2027. Regulatory authorities described this program as a 'pilot with several operational restrictions.'
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