DTCC cleared to tokenise US markets in historic crypto pivot by $100 trillion custodian

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 ...