jakiro
Source:DTCC official website, compiled by: Bitchain Vision
To promote the popularization of digital assets, the global financial services industry’s leading after-market infrastructure——The Depository Trust & Clearing Corporation (DTCC) announced that its subsidiary Depository Trust Company (DTC) has received a “No-Action Letter” from the U.S. Securities and Exchange Commission (SEC), allowing it to provide a new service in a controlled production environment in accordance with federal securities laws and regulations to tokenize real-world assets hosted by DTC.DTC expects to begin launching the service in the second half of 2026.
SEC authorizes DTC to provide tokenization services to DTC participants and their customers for three years on a pre-approved blockchain.According to the letter, DTC will be able to tokenize real-world assets, whichDigital versions enjoy the same rights, investor protections and ownership rights as traditional assets.In addition, DTC will provide the same high level of resilience, security and robustness as traditional markets.
The authorization applies to a range of specified highly liquid assets, includingRussell 1000 Index(Representing the 1,000 largest U.S. public companies by market capitalization),ETFs that track major indexes as well as Treasuries, bonds and stocks.The SEC’s “no action” letter is significant because it allows DTC to launch the service faster than it would otherwise, subject to certain restrictions and making relevant representations.
“I would like to thank the SEC for its trust in us. Tokenization of U.S. securities markets promises to bring many transformative benefits, such as enhanced collateral liquidity, new trading models, round-the-clock trading, and programmable assets, but this new digital era can only be ushered in if market infrastructure provides a solid foundation,” said Frank La Salla, President and CEO of DTCC.”We are excited about this opportunity to further empower the industry, our participants and their customers, and drive innovation. We look forward to working with all parties in the industry to securely and securely tokenize real-world assets to drive the future of finance for generations to come.”
The SEC’s “no action” letter is a key enabler of DTCC’s broader strategy to advance a secure, transparent, and interoperable digital asset ecosystem that fully realizes the potential of blockchain technology.
“Since its establishment, DTCC has always been committed to developing breakthrough technologies, reshaping the market landscape, and maintaining market integrity. Our tokenization plan will build on this foundation, allowing us to work hand in hand with all parties in the industry to jointly usher in the digital market era.” Brian Steele, President and Managing Director of DTCC Clearing and Securities ServicesSteele said, “We will work with customers and the broader market to tokenize securities with uncompromising security, a sound legal foundation and seamless interoperability, all built on the resilience that has underpinned traditional markets for decades.”
To support this strategy,DTCC’s tokenization program will enable DTC participants and their customers to take advantage of comprehensive tokenization services powered by DTCC’s ComposerX platform suite.This will enable DTC to create a unified liquidity pool in the traditional finance (TradFi) and decentralized finance (DeFi) ecosystems and build a more resilient, inclusive, cost-effective and efficient financial system.
“Distributed ledger technology (DLT) has the power to reshape markets, and DTCC is leading this change through innovative initiatives and bold solutions,” said Nadine Chakar, Managing Director and Head of Digital Assets at DTCC.”Our series of DLT products will provide support for DTCC’s tokenization services and will work with the industry to jointly promote the development of a new digital asset ecosystem for everyone.”
Working in coordination with participants, peers and technology providers, DTC has explored and promoted the use of DLT technology for nearly a decade to determine how it can be leveraged to enable market participants to take advantage of the benefits of blockchain and tokenization technology, including liquidity (the ability to move assets across jurisdictions and time zones without regard to standard trading hours or holidays), decentralization (the ability for market participants to have more direct access to their assets), and programmability (the ability to use smart contracts to optimize the transfer or distribution of assets), all with the same protections and accountability mechanisms provided by DTC.
Pursuant to SEC authorization,DTC is approved to provide limited production environment tokenization services on L1 and L2 network providers.DTCC will provide more details on listing requirements (including wallet registration) and L1 and L2 network approval processes in the coming months.
