DTCC Receives SEC Approval for Asset Tokenization Initiative
The Depository Trust & Clearing Corporation (DTCC) has secured regulatory approval from the SEC to tokenize traditional U.S. financial assets, marking a pivotal convergence of legacy finance and blockchain infrastructure. The initiative will focus on liquid instruments including Russell 1000 equities, ETFs, and Treasury bonds, preserving existing ownership rights while enabling 24/7 markets and programmable collateral.
CEO Frank La Salla framed the MOVE as a paradigm shift for market structure, emphasizing interoperability with regulated blockchains. This institutional validation of tokenization mirrors broader Wall Street efforts to modernize settlement systems, following similar projects by BlackRock and JPMorgan.