Kaiko will contribute connectivity, onchain data delivery, and compliant pricing expertise alongside 100+ firms shaping the DTCC Tokenization Service

Kaiko, the regulated provider of data services for onchain finance, has joined the DTCC Digital Assets Solutions Industry Working Group, a group of more than 100 firms from across traditional finance and digital markets that are helping shape industry readiness and provide input as the DTCC Tokenization Service continues to evolve.

Inside the DTCC Tokenization Working Group

DTCC, the post-trade market infrastructure for the global financial services industry, operates through its subsidiary, the Depository Trust Company (DTC), which provides custody and asset servicing for securities issues from more than 150 countries and territories valued at approximately $114 trillion. Created in the first half of 2026 to bring together a broad cross-section of industry leaders and drive digital asset adoption and innovation, the Working Group has grown from an initial 50 firms to more than 100 banks, asset managers, exchanges, custodians, and digital asset infrastructure providers, including BlackRock, J.P. Morgan, Goldman Sachs, Citi, Nasdaq, NYSE, and Digital Asset. These firms are providing input and perspectives on the design and testing of a tokenization service covering Russell 1000 stocks, major ETFs, and U.S. Treasuries. In July 2026, DTCC successfully converted assets held at DTC into tokens that were used in real production trades, ahead of the targeted October 2026 launch.

Why Data Infrastructure Matters for Tokenized Securities

As tokenized assets move from pilot to production, they are being issued across multiple blockchain networks, including Besu, Canton, Stellar, and others. Each version of a tokenized asset settles and transfers within the network on which it was issued, but institutions still need a consistent, accurate view of what that asset is worth, regardless of where it sits.

Without trusted reference pricing, valuations for the same tokenized Treasury or equity can diverge from one network to the next, creating discrepancies in collateral calculations, margin calls, and settlement. For institutions managing tokenized collateral across venues, reliable and regulated data infrastructure is not optional: it is the foundation that connects issuance, trading, and risk management.

Kaiko’s Role in the Working Group

Within the Working Group, Kaiko will focus on two questions that become critical as tokenized securities move into production. The first is pricing: how a unified, compliant pricing layer, built to the same standard on every chain and with full transparency on sources, can be delivered onchain across Hyperledger Besu, Stellar, Canton and other networks, so that a tokenized asset carries one consistent, traceable price wherever it settles.

The second is connectivity: how the post-trade messages institutions already rely on, such as FIX, SWIFT/ISO 20022 and APIs, can drive onchain workflows including settlement and delivery-versus-payment, collateral mobility and reporting, without changing existing governance or processes. Drawing on its work across these networks, Kaiko will contribute its perspective on both alongside other market participants.

“Compliant pricing and reliable connectivity are prerequisites for institutional adoption of tokenization in post-trade workflows. Institutions need one price, built to the same standard and traceable to its sources, on every chain. We look forward to contributing our onchain data delivery and connectivity expertise to the Working Group as the industry builds the standards that will support tokenized collateral, settlement, and risk management at scale,” said Ambre Soubiran, Chief Executive Officer at Kaiko.

Learn More

Learn more about Kaiko’s data infrastructure for tokenized markets in Tokenized Collateral Is Multi-Chain, So Your Data Infrastructure Should Be Too.

For more information about the DTCC Tokenization Service, visit DTCC Digital Assets.

About Kaiko

Kaiko provides regulated data services for onchain finance. Founded in 2014, the company delivers institutional-grade digital asset market data, analytics, indices, and data infrastructure for digital asset, tokenized, and traditional markets. Its clients include banks, asset managers, exchanges, and leading financial institutions worldwide. Kaiko’s data and infrastructure support trading, valuation, risk management, tokenized assets, and onchain applications, connecting traditional and blockchain-based markets. In September 2026, Kaiko extended its Series B to $110 million, led by S&P Global, with participation from BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar, and Susquehanna Private Equity Investments. For more information, visit kaiko.com.