创新金融产品

Milestones in Financial History: SEC Gives the Green Light for Traditional Financial Assets to Go On-Chain

The core pipeline of the global financial market — the U.S. Securities Depository and Clearing Corporation (DTCC) under its subsidiary DTC, has officially received a "No Action Letter" from the U.S. Securities and Exchange Commission (SEC). This means it is permitted to tokenize a large amount of real-world assets (RWA) it manages in a controlled environment.

The asset range starts with highly liquid assets such as Russell 1000 index components, major ETFs, U.S. Treasury bonds, etc.

The launch time is set for the second half of 2026 (in less than a year). This is reminiscent of past discussions about 24/7 disclosures in the U.S. stock market.

The advantages of on-chain assets are:
1. Low cost. Avoiding audits and trustlessness is also one of the low-cost factors.
2. A "24/7" financial market becomes possible.
3. Near real-time clearing and settlement.
4. Programmable assets like DeFi Lego and other tools can be imagined.

Is this good news for public chains like #ETH ?
1. It intersects with regulatory requirements, prioritizing reasoning order for enterprise chains fully compliant with Ethereum standards (Hyperledger Besu).
2. In the public chain ecosystem, #Ethereum has the most advantages, with full technical compatibility, and users holding stablecoin assets like USDC. Financial facilities are complete with uni, aave, ... A super massive user base.
3. How to access it? Or is there an opportunity for ETH?
Transfer @lanhubiji “If we can solve 'privacy + performance + customization,' maybe we won't necessarily adopt R3's framework. For example, zkSync's 'privacy + high performance + complete customization + native EVM.' If that still doesn't meet the needs, maybe a hybrid model will be used.” Discussing based on the context, it generally refers to exploring feasible paths to address regulatory privacy and other demands.

What do you think about the occurrence and development of this matter?
1. The SEC's recognition of the characteristics of blockchain applications is suitable for taking on the responsibilities of a new generation of financial services.
2. The evolution of things requires a process, and industry "revolutionaries" prefer new things that are easier to overtake and establish scale barriers. Natural laws will give rise to an enhanced version of #ondo.
3. The ability of crypto itself to create new assets should not be underestimated, as the rise of DeFi does not rely on traditional interests but explores its own paths, having a huge impact on traditional wealth. Copyright on-chain (the industry's problems are serious, embracing new assets), prediction markets, and other directions offer enormous exploration space.

#RWA #SEC #DTCC #创新金融产品