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SEC Greenlights DTCC’s Blockchain Tokenization Service for Traditional Securities
SEC Greenlights DTCC’s Blockchain Tokenization Service for Traditional Securities
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BTCCSquare news:
The SEC has granted a no-action letter to DTCC subsidiary DTC, allowing the tokenization of U.S. securities on approved blockchains by 2026. This marks a pivotal step in merging traditional finance with blockchain infrastructure.
The service will initially focus on liquid assets including Russell 1000 Index components, Treasury bills, and ETFs. DTCC's platform promises 24/7 settlement and programmable asset features—addressing longstanding inefficiencies in traditional markets.
Market participants interpret the SEC's three-year enforcement moratorium as cautious endorsement of institutional blockchain adoption. The MOVE follows growing demand from asset managers for compliant digital asset infrastructure.
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