SEC clears DTCC to offer securities market tokenization service
The SEC granted DTCC's subsidiary a no-action letter to launch a securities tokenization service starting in late 2026.Summary
The US Securities and Exchange Commission (SEC) has issued a highly coveted "no-action" letter to the Depository Trust and Clearing Corporation's (DTCC) subsidiary, the Depository Trust Company (DTC), allowing it to offer a new service to tokenize assets currently held in custody by DTC.
The DTC plans to tokenize a selection of highly liquid assets, including US Treasury bills, bonds, notes, exchange-traded funds tracking major indexes, and the Russell 1000 index, with the service expected to roll out in the second half of 2026. This approval confirms the SEC will not take enforcement action if the proposed product operates as described, enabling the DTCC, which runs crucial market infrastructure, to advance its goal of bridging TradFi and DeFi.
DTCC CEO Frank La Salla noted that tokenization could yield transformational benefits such as 24/7 access, collateral mobility, and programmable assets. The service will allow DTC Participants to tokenize assets on pre-approved blockchains for three years, ensuring the digital versions retain all the same entitlements and investor protections as their traditional counterparts.
(Source：Cointelegraph)