SEC Greenlights DTCC’s Blockchain Pilot for Tokenized U.S. Securities
The Depository Trust & Clearing Corporation (DTCC) has secured a critical No-Action Letter from the SEC, authorizing a three-year pilot to tokenize traditional U.S. securities on blockchain networks. Launching in late 2026, the initiative will digitize Treasury bonds, Russell 1000 equities, and major ETFs while preserving their legal equivalency to conventional assets.
This regulatory milestone signals institutional acceptance of distributed ledger technology, with DTCC's infrastructure poised to bridge legacy finance and blockchain ecosystems. The program focuses on high-liquidity instruments, including government debt and blue-chip ETFs, potentially creating new arbitrage opportunities between traditional and tokenized markets.
Market participants anticipate the pilot will accelerate institutional crypto adoption, particularly for Layer 1 and Layer 2 networks meeting DTCC's approval criteria. The move follows growing demand for blockchain-based settlement efficiency, with traditional finance now acknowledging the technology's capacity to reduce counterparty risk and operational friction.