According to a press release, the corporation announced that its subsidiary, Depository Trust & Clearing Corporation (DTCC), received a no-action letter from the U.S. SEC. This letter allowed them to operate a controlled production tokenization service for three years.
The launch will begin in the second half of 2026. This will allow DTCC to start offering traditional securities based on blockchain on approved layer 1 and 2 networks.
The permission applies exclusively to a select group of highly liquid assets. These assets include shares of the Russell 1000 index, ETFs that replicate benchmark indices, and U.S. government debt securities, such as bills, bonds, and Treasury notes.
Only DTCC participants and their clients will be eligible to access services within the initial stage to maintain close oversight.
No-action letters issued by the SEC are rare. The last issue was recorded at the end of September. The SEC decided not to take action against DoubleZero at that time. Experts say this demonstrates a positive shift in the rules for financial services using blockchain.
The biggest beneficiary of the corporation's new mandate could be Chainlink. In 2024, the project collaborated with DTCC and a group of major U.S. banks to advance plans to convert traditional funds into tokens.
The corporation completed its Smart NAV pilot using the Chainlink Interoperability Protocol between Chains. This process facilitated the exchange of NAV data between different blockchains after the negotiation. The pilot served as a test for the planned launch.
At an industry event last month, Dan Doney, Chief Technology Officer of DTCC, said that working with Chainlink helps the organization efficiently update settlement systems and modernize the market.
Interest in financial products using blockchain technology has been on the rise. In fact, the monthly transaction volume recently exceeded $1.4 billion.
