Wall Street 100 trillion dollars is moving onto the blockchain

This time Wall Street is not just talking about on-chain finance; it is really coming. Wall Street giant DTCC's subsidiary DTC has just received a no-action letter from the SEC, approving a three-year pilot service for tokenization. This means: the SEC has nodded: you can turn real U.S. stocks, ETFs, and treasury bonds into tokens on the blockchain!

This subsidiary DTC has a custody asset scale of about 100 trillion dollars, processing an annual transaction volume of about 37 trillion dollars. What does this data equal?? A custody asset scale of 100 trillion

is equivalent to about 40% of the total scale of the global custody market, far exceeding traditional custody banks (such as Bank of New York Mellon with 46 trillion).

I boldly imagined that this service could completely change the game: issuing stocks directly on the blockchain, allowing companies to raise funds without traditional exchanges; or using tokenized stocks and U.S. treasuries as collateral to easily borrow USDC on-chain, achieving seamless cross-chain liquidity. The on-chain and off-chain will be fully connected, and the lending rates on DeFi platforms may far exceed traditional benchmarks, with borrowing speed requiring just a click of the mouse, done in seconds! Will traditional banks tremble with fear?? I guess one day, they really will tremble three times, as Wall Street accelerates its embrace of the blockchain revolution!