DTCC Authorized to Tokenize Traditional Securities on Blockchain
- The Depository Trust & Clearing Corporation (DTCC) has received an SEC No-Action Letter to tokenize traditional, custodied assets.
- The new service will utilize distributed ledger technology for securities settlement and custody.
- Set to launch in 2026, it will operate on approved blockchains for three years.
- Assets involved include the Russell 1000, major index ETFs, and US Treasury bills, notes, and bonds.
- The initiative aims to connect TradFi and DeFi liquidity in a cost-efficient manner.
The DTCC’s upcoming blockchain-based service represents a significant move towards digital markets by tokenizing traditional assets like the Russell 1000 and US Treasuries. This initiative is expected to enhance connectivity between traditional finance and DeFi systems.
Source (3.2)https://cryptobriefing.com/dtcc-blockchain-securities-service/?rand=59535
