The Depository Trust & Clearing Corporation (DTCC), a leading post-trade financial services provider processing $4.7 quadrillion in securities transactions in 2025 and holding $114 trillion in custody, is advancing its tokenization initiative. The DTCC is collaborating with a consortium of more than 80 firms to develop a comprehensive tokenization service, aiming to modernize securities settlement at scale.
Key integration points: Ripple Prime, Securrency, Fireblocks, and Securitize
Crypto researcher SMQKE identified four direct connections linking the XRP Ledger to the DTCC’s infrastructure. Each connection is enabled by a firm that already maintains an active relationship within the DTCC environment, facilitating the potential for XRP utilization across settlement and asset servicing operations.
The first path involves Ripple Prime, the institutional prime brokerage arm formed by Ripple following its acquisition of Hidden Road. Ripple combined Hidden Road with its own licensing framework to launch Ripple Prime, granting institutional clients in the United States the ability to trade XRP and RLUSD directly through the platform.
Ripple Prime stands as an official member of the DTCC’s tokenization working group, further integrating XRP into the industry’s evolving settlement infrastructure.
Secondly, the DTCC acquired Securrency, a blockchain technology specialist, and rebranded it as DTCC Digital Assets. Securrency’s protocol supports multiple distributed ledgers, including Ethereum, Stellar, and Ripple, allowing the DTCC to directly deploy solutions compatible with the XRP Ledger under its full control.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation) is the world’s largest clearing and settlement service for securities, providing infrastructure for US and global financial markets.
The third integration comes from Fireblocks, a digital asset custody network that forms part of the DTCC industry working group. Research from FXC Intelligence shows the Fireblocks platform supports custody and transfer services for assets on the XRP Ledger. Through Fireblocks, institutional movement and storage of XRP-linked assets become more accessible for DTCC group participants.
Securitize, the fourth connection, has played an active role by integrating RLUSD, a Ripple-issued stablecoin, into its platform. In early June, Securitize Fund Services became the official DTCC participant listed under the Securitize name, expanding support for tokenized assets on the XRP Ledger within the DTCC framework.
DTCC’s tokenization strategy and XRP Ledger’s role
These four avenues highlight the growing interconnectivity between the DTCC and XRP Ledger technology. Ripple Prime enables direct use of XRP for institutional clients within the DTCC working group. DTCC Digital Assets holds a protocol designed to run on XRP Ledger. Fireblocks provides custody solutions compatible with XRP. Securitize offers RLUSD integration and aligns with the XRP Ledger while operating as an official DTCC participant.
This multifaceted integration positions the XRP Ledger as a viable foundation for the DTCC’s tokenization platform, giving XRP multiple entry points for future settlement, asset issuance, and management in the financial market ecosystem.
| Company | Role | XRP Ledger Connection | DTCC Status |
|---|---|---|---|
| Ripple Prime | Prime brokerage | XRP/RLUSD access, institutional trading | Industry working group member |
| DTCC Digital Assets (Securrency) | Blockchain division | Direct support for XRP Ledger | Internal DTCC division |
| Fireblocks | Custody network | XRP Ledger compatible | Industry working group member |
| Securitize | Tokenization and fund services | RLUSD, XRP Ledger integration | Official DTCC participant |
The convergence of Ripple Prime, DTCC Digital Assets, Fireblocks, and Securitize inside the DTCC infrastructure establishes four operational pathways for XRP adoption across US financial markets.
As the DTCC continues to advance its tokenization service, each of these firms enhances potential cross-compatibility and strengthens the overall connectivity between the XRP Ledger and the US securities infrastructure.
