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HashKey joins DTCC group
HashKey Group said on Sept. 2 that it had joined the Depository Trust & Clearing Corporation’s Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider.
“HashKey Group said on Sept. 2 that it had joined the Depository Trust & Clearing Corporation’s Digital Assets Advisory Services Industry Working Group”
The Hong Kong-based company will participate in discussions about how tokenized securities can be issued, transferred, settled and safeguarded through institutional market infrastructure.
HashKey said the working group now includes more than 100 financial institutions, asset managers and digital asset companies, and named participants including JPMorgan Chase, Goldman Sachs, Nasdaq and the New York Stock Exchange.
DTCC’s own May announcement named more than 50 participating organizations, and HashKey said the working group’s larger figure appears to reflect additions since it was publicly introduced.
HashKey said its participation does not represent regulatory approval of a HashKey product, membership in DTC or a commitment by DTCC to use HashKey infrastructure.
Production tests and standards
DTCC completed its first group of tokenized transactions in a production environment in July, using securities held at DTC and covering equity transfers, collateral pledges, securities lending and delivery versus payment transactions involving U.S. Treasuries and repurchase agreements.
The trials ran across DTCC’s private blockchain based on Hyperledger Besu and the public Canton Network, and the assets involved included Microsoft and Circle shares, the Invesco QQQ Trust, the SPDR S&P 500 ETF and a BlackRock Treasury exchange traded fund.
The model described by DTCC is designed to let DTC participants create tokenized versions of eligible securities already held in DTC custody, with representations often described as digital twins.
DTCC says its model is intended to preserve the ownership rights and investor protections attached to the underlying securities, and the working group is advisory with members able to provide technical and operational feedback.
DTCC plans to introduce standardized tokenization services in October 2026, with the initial service including compliance and distribution controls.
Regulatory context and impact
The planned tokenization service is framed as keeping underlying securities within DTC while recording approved tokenized representations across supported networks, connecting blockchain-based transfers with existing ownership records, compliance controls and settlement processes.
“SEC Chair Paul Atkins stated that the green light for DTCC’s pilot project is only the beginning”
HashKey said it would contribute its Asia Pacific regulatory and operational experience to discussions on global tokenization standards, while also emphasizing that its entry into the group does not constitute regulatory approval of any HashKey product.
In a separate DTCC-related development, the TradingView report says the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to a DTCC subsidiary in December, allowing it to offer a new tokenization service for the securities market.
SEC Chair Paul Atkins stated that the green light for DTCC’s pilot project is only the beginning, adding that the SEC will study a regulatory relief for innovation that would allow developers to “bring our markets to the chain” without being weighed down by “onerous regulatory requirements,” according to a December 12 post on X.
HashKey’s participation, the sources say, positions the firm as a bridge between Asia-Pacific experience and institutional tokenization work as DTCC moves toward its October 2026 service launch.