- US securities clearinghouse set to embrace blockchain technology.
- The move comes amid a pro-crypto transformation in Washington.
The machinery that powers US markets is about to go onchain.
The Depository Trust & Clearing Corporation said on Thursday that it received a no-action letter from the US financial watchdog, paving the way for tokenisation for real-world assets.
According to the Securities and Exchange Commission’s letter, the DTCC can now issue blockchain-based representations of highly liquid assets, including Russell 1000 stocks, exchange-traded funds, treasury bills, notes, and bonds.
The digital versions will carry the same ownership rights, investor protections, and entitlements as traditional securities.
“Tokenising the US…
