- SEC allows DTCC to tokenize stocks and RWAs on blockchain.
- Potential market transformation over the next three years.
- DTCC set to expand digital asset services in 2024.
On December 12, the SEC issued a no-action letter permitting DTCC to custody tokenized stocks and real-world assets on blockchain for three years.
This regulatory move signifies progress toward integrating traditional finance with blockchain, enhancing asset tokenization’s potential for liquidity and transparency in the U.S. financial market.
SEC Greenlights DTCC’s Blockchain Tokenization Initiative
The SEC’s approval allows DTCC to offer tokenization services on a blockchain for three years, marking a pivotal milestone in the digitization of stock markets. The DTCC will leverage this approval to enhance its record-keeping capabilities, bringing them onto the blockchain. This effort aligns with broader industry moves toward increased digitization and efficiency.
The transition to blockchain infrastructure could significantly impact the financial sector, offering enhanced collateral mobility, 24/7 market access, and programmable assets. Crucially, these tokenized forms retain the same investor protections and ownership rights as their traditional counterparts.
“Tokenizing the U.S. securities market has the potential to yield transformational benefits such as collateral mobility, new trading modalities, 24/7 access and programmable assets, but this will only be achievable if market infrastructure provides a robust foundation to usher in this new digital era.” — Frank La Salla, President & CEO, DTCC
Mixed Market Reactions to Regulatory Decision
Did you know? Tokenizing real-world assets on a blockchain echoes similar initiatives launched in financial markets over the past decade, significantly expanding the infrastructure for digital asset management.
According to CoinMarketCap, Bitcoin (BTC) is trading at $92,573.14, with a market cap of formatNumber(1847842029865.75, 2) and market dominance of 58.90%. Current data shows a 49.95% 24-hour increase in price, though longer-term trends depict a 20.25% decline over 90 days.
Coincu experts suggest that DTCC’s blockchain integration could prompt a reassessment of financial regulation, with potential cost reductions, efficiency gains, and security improvements. This move may also set the stage for broader adoption of distributed ledger technology within the financial sector.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
Latest
io.net Unveils Incentive Dynamic Engine for Tokenomics Overhaul
Press Release
The next wave of wealth: Fleet Mining helps you get a head start on Bitcoin’s new value | Claim your free $100
BOLTS Launches Quantum-Resilience Pilot On Canton Network To Future-Proof $6T Real-World Assets
