Learn more about the DTCC Tokenization Service (DTS), a voluntary service authorized under an SEC No-Action Letter issued in December 2025. The service enables eligible DTC Participants to tokenize select assets held at DTC during a three-year authorization period. These FAQs explain who can participate, how the service works, what assets and networks are supported, how tokenized securities are protected and serviced, and how DTC applies governance, risk and compliance controls.