SEC Greenlights DTCC Blockchain Pilot for Securities Recordkeeping
The SEC approved a landmark three-year pilot allowing DTCC to record securities on select blockchains. This marks Wall Street's first institutional embrace of blockchain-based recordkeeping, with tokenized securities entitlements set to begin testing in late 2026.
The no-action letter bypasses traditional clearinghouse requirements, signaling regulatory flexibility for infrastructure innovation. Market participants note this could accelerate institutional adoption of blockchain rails for post-trade settlement.