U.S. regulators have given the green light to a new service that will take a crucial step toward moving some stocks, bonds and Treasuries to blockchain technology.
The Securities and Exchange Commission has granted authorization in the form of a no-action letter to the Depository Trust & Clearing Corp., or DTCC, allowing the company to maintain and recognize tokenized stocks and other real-world assets on-chain, according to executives. The move gives DTCC the ability to offer tokenization services on pre-approved blockchains for three years.
