Wall Street's Clearinghouse Is Going Onchain: DTCC and Apollo in Conversation
summary
SEC no-action letter clears DTCC to start onchain tokenization of US assets, with a July 13, 2026 soft launch and wider production by October, moving $115 trillion of assets and 1.4 million QSIPs toward token formats. DTCC issues digital twins of existing securities, preserves investor rights, supports multi-chain connectivity (Canton, evaluating Solana), builds a collateral app chain to unlock trapped collateral, and expects to keep netting (currently ~97%) while exploring more frequent netting and hybrid settlement to balance atomic settlement benefits with real‑world liquidity and scale.
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chapters (7)
- 0:00The role of the DTCC
- 2:02Tokenization roadmap
- 5:24Blockchain assessment
- 8:40Integrating Solana
- 9:50Impact on market builders
- 12:18Settlement and efficiency
- 14:07Founders vs institutions
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