DTCC receives SEC no-action relief to launch tokenisation service
PositiveArtificial Intelligence
- The DTCC has received no-action relief from the SEC to launch a tokenisation service, which will initially cover a three-year period and include securities from the Russell 1000 index, ETFs linked to major benchmarks, and US Treasury instruments. This development marks a significant step in the integration of blockchain technology within traditional financial markets.
- This authorization is crucial for DTCC as it allows the company to innovate and expand its services in a rapidly evolving financial landscape, potentially enhancing efficiency and transparency in securities trading through tokenisation.
- The move towards tokenisation aligns with broader trends in the financial industry, where there is a growing interest in digital assets and 24/5 trading practices, as highlighted by recent reports suggesting that a significant portion of equity volume may shift to overnight trading sessions by 2028.
— via World Pulse Now AI Editorial System