Core Insights - The Depository Trust & Clearing Corporation (DTCC) has received clearance from the US Securities and Exchange Commission (SEC) to pilot a regulated tokenization service, marking a significant step towards integrating traditional finance with decentralized finance [1][2] Group 1: Regulatory Approval and Service Launch - DTCC's subsidiary, The Depository Trust Company (DTC), has obtained a No-Action Letter from the SEC, allowing it to tokenize real-world assets under existing federal securities laws [2] - The tokenization service is expected to begin rolling out in the second half of 2026 and will be available for an initial period of three years [2] - The digital tokens will carry the same ownership rights, investor protections, and legal entitlements as traditional securities [2] Group 2: Asset Scope and Market Impact - The authorization applies to a limited group of highly liquid assets, including equities in the Russell 1000 index, exchange-traded funds tracking major benchmarks, and US Treasury bills, notes, and bonds [3] - The initiative is anticipated to yield transformational benefits such as collateral mobility, new trading modalities, 24/7 access, and programmable assets, contingent on a robust market infrastructure [4] Group 3: Potential Beneficiaries in the Altcoin Market - DTCC is permitted to provide a limited production environment tokenization service on selected blockchains, although no specific networks have been chosen yet [5] - Ethereum (ETH) is viewed as a leading candidate for the tokenization service, with a 99% chance of being selected according to industry experts [6] - As of December 12, the total distributed value of tokenized real-world assets is approximately $18.48 billion, with Ethereum accounting for around 66% of that market [6]